Professional
Added to YB: 2024-12-23
Pitch date: 2024-12-20
RDDT [bullish]
Reddit, Inc.
+31.26%
current return
Author Info
No bio for this author
Company Info
Reddit, Inc. operates a digital community in the United States and internationally. The company’s platform enables user to engage in conversations, explore passions, research new hobbies, exchange goods and services, create new communities and experiences, share laughs, and find belonging.
Market Cap
$35.2B
Pitch Price
$171.25
Price Target
200.00 (-11%)
Dividend
N/A
EV/EBITDA
115.87
P/E
104.06
EV/Sales
17.32
Sector
Interactive Media and Services
Category
growth
Citi Boosts Reddit Price Target to $200: A Top SMID Cap Pick for 2025
RDDT: Citi raises PT to $200 from $120 on strong engagement, new products (Reddit Answers), & growing ad demand. Multiple catalysts: search, video, dynamic ads, automation tools. Investing in sales, AI/ML. Top SMID cap pick for 2025. Buy rating reiterated.
Read full article (1 min)