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-0.00127406839735612 -0.00205274177876918 -0.00127269990283682 -0.00235381057298869 -0.00171061814897431 9.579461634263E-05 -0.000396863410561991 -0.000834781656699484
Stock impact report

Reddit (RDDT) Stock Trades Up, Here Is Why [Yahoo! Finance]

Evercore Inc. Class A (EVR) 
Last evercore inc. class a earnings: 4/22 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
The price target represented about 30% upside from the stock's previous trading price. In its report, the analyst noted that the platform had more room to turn its user engagement into revenue. Evercore ISI projected a strong growth profile for Reddit, forecasting a three-year revenue compound annual growth rate of 30%-40%. This outlook was supported by the company's development of new AI features and more advanced ad products, which were expected to fuel its expansion. Is now the time to buy Reddit? Access our full analysis report here, it's free Reddit's shares are extremely volatile and have had 59 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 11 days ago when the stock gained 3.8% on the news that bullish analyst commentary highlighted the company's strong growth and favorable Show less Read more
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