From Financial Modeling Prep: 2025-01-14 12:28:00

Piper Sandler analysts raised Reddit’s price target to $197 from $150, citing strong user engagement and monetization prospects. Recent data shows steady user growth and stable advertising metrics, indicating potential for increased revenue. The company’s conservative guidance forecasts fourth-quarter revenue of $402 million, up 61% year-over-year, and EBITDA of $116 million.



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