Professional
Added to YB: 2024-12-09
Pitch date: 2024-12-09
RDDT [bullish]
Reddit, Inc.
+29.82%
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
$168.31
Price Target
200.00 (-11%)
Dividend
N/A
EV/EBITDA
115.87
P/E
104.06
EV/Sales
17.32
Sector
Interactive Media and Services
Category
growth
Morgan Stanley Bullish on Reddit’s Growth Potential: $200 Price Target Set
RDDT u/g: Morgan Stanley upgrades to Overweight, PT $200 from $70. Expects 35% 2024-27 US ad rev growth (2-6x peers), $1B/1.4B 2026/27 EBITDA. Best-in-class engagement, monetization. Bull case $300, bear $105. Analyst sees user/time spent growth, rising ad pricing & load.
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