From Morningstar: 2025-04-02 09:55:00

Reddit (RDDT) is a community-based platform with 100K+ specialized communities called subreddits for discussions. The platform drives engagement and user insights, allowing for better monetization. Forecasting a 29% revenue growth rate over the next five years, with shares trading at $110. Reddit focuses on recruiting engaged users globally, aiming for 250 million daily active users by 2030 through product innovation and enhanced user experience. The company expects global ARPU to increase from $12.78 in 2024 to $29.65 in 2029 with improved monetization strategies. Reddit aims to enhance ad inventory and move towards more conversion-focused advertising to boost profitability, projecting 39% non-GAAP operating margins by 2030.



Read more at Morningstar: Reddit: We Launch Coverage With a $120 Fair Value…