Jefferies Financial initiates coverage on social media company Reddit for the first time, giving a 'buy' rating with a target price of $90. The firm points out that, driven by ai, Reddit's user growth rate has reached the highest level in over two years. The platform's deep integration with Google Search has also stimulated user growth, with expectations of achieving more high-profit data licensing trades in the future.
大行评级｜ 杰富瑞：首予Reddit“买入”评级 目标价为90美元
Jefferies Financial: First initiated a "buy" rating for Reddit, with a target price of $90.
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