Reddit Q4 Preview: Up 200%, And Still Room To Run
Portfolio Pulse from
Reddit's stock has surged 22% since December, significantly outperforming the S&P 500. The company reported a 68% YoY revenue increase in Q3 FY24, driven by strong Advertising and Data Licensing growth. Despite risks, Reddit's consistent earnings beats and raised guidance support a new price target of $275, indicating a 32% upside.
February 04, 2025 | 9:30 pm
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Reddit's stock has surged 22% since December, driven by strong advertising and data licensing growth. Q3 FY24 revenue increased by 68% YoY, with a new price target of $275, suggesting a 32% upside.
Reddit's strong financial performance, particularly in advertising and data licensing, has led to a significant stock price increase. The company's consistent earnings beats and raised guidance justify a positive outlook and a new price target, indicating further potential upside.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100