Professional
Added to YB: 2025-09-26
Pitch date: 2025-09-23
RDDT [bullish]
Reddit, Inc.
-9.53%
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
$241.51
Price Target
303.00 (+35%)
Dividend
N/A
EV/EBITDA
115.87
P/E
104.06
EV/Sales
17.32
Sector
Interactive Media and Services
Category
growth
Cannonball Raises Reddit PT to $303
RDDT: Cannonball Research raised price target to $303 from $244, keeps Buy rating. Dynamic product ads expected to drive mid/lower-funnel growth as additional ad revenue source, proving monetization initiatives work with more growth potential ahead.
Read full article (1 min)