Professional
Added to YB: 2025-03-20
Pitch date: 2025-03-17
RDDT [bearish]
Reddit, Inc.
-86.43%
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
$120.57
Price Target
75.00 (-67%)
Dividend
N/A
EV/EBITDA
115.87
P/E
104.06
EV/Sales
17.32
Sector
Interactive Media and Services
Category
value
Redburn-Atlantic Initiates ‘Sell’ on Reddit (RDDT), Sets $75 Price Target
RDDT (sell): Redburn-Atlantic sets $75 PT. 22x FY27 EV/EBITDA (54x post-SBC) too high vs Pinterest's 10x (19x post-SBC). Growth normalizing, multiple compression & estimate cuts likely. 36% underperformance since Q4 earnings. $75 PT implies 33x FY27 EV/EBITDA post-SBC, still premium to Pinterest's 30x.
Read full article (1 min)