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uranium-pinto-beans

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uranium-pinto-beans

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Wednesday, 05/08/2024 6:46:12 AM

Wednesday, May 08, 2024 6:46:12 AM

Post# of 364465
Reddit price target raised to $65 from $53 at Citi
Citi raised the firm's price target on Reddit to $65 from $53 and keeps a Buy rating on the shares. With daily active users accelerating 37% year-over-year to 82.7M, monetization ramping and EBITDA margin expanding, Reddit delivered a strong first quarter post its initial public offering, the analyst tells investors in a research note. The firm believes the company's improving engagement trends are lasting given investments across its new web-platform, Shreddit, Search, and the Onboarding experience.

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