Reddit (RDDT) to Report Q1 Earnings: What's in the Cards? [Yahoo! Finance]
Reddit, Inc. Class A (RDDT)
Company Research
Source: Yahoo! Finance
The consensus mark for revenues is pegged at $212.43 million. Reddit's social media platform offers communities covering different topics. In December 2023, more than 500 million visitors, and in the three months ended Dec 31, 2023, an average of 73.1 million daily active uniques (DAUq) around the world came together on Reddit. Reddit Inc. Price Reddit Inc. price | Reddit Inc. Quote Reddit's first-quarter 2024 top-line growth is expected to have benefited from an expanding DAUq. Improvement in search engine results powered by AI and machine learning is expected to have driven DAUq in the to-be-reported quarter. Reddit's partnership with Google reflects the growing value of data, which is used for the purpose of AI model training. However, stiff competition for ad dollars has been a headwind. What Our Model Says Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But
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RDDT
News
- Reddit, Inc. (NYSE: RDDT) had its price target raised by analysts at Citigroup Inc. from $65.00 to $70.00. They now have a "buy" rating on the stock.MarketBeat
- Private equity hunts for IPO alternatives amid a US$3-trillion asset pile burden [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Reddit, Inc. (NYSE: RDDT) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $63.00 price target on the stock.MarketBeat
- Markets today: Stocks churn as traders waver on U.S. rates outlook [BNN Bloomberg (Canada)]BNN Bloomberg
- Reddit, Inc. (NYSE: RDDT) had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $62.00 to $65.00. They now have a "buy" rating on the stock.MarketBeat
RDDT
Earnings
- 5/7/24 - Beat
RDDT
Sec Filings
- 5/9/24 - Form 3
- 5/9/24 - Form 4
- 5/8/24 - Form 10-Q
- RDDT's page on the SEC website