Can Reddit's Solid Momentum Continue? Analysts Say Social Media Company With 'Robust Business Model' Has 'Continued Strong User Growth'
Can Reddit's Solid Momentum Continue? Analysts Say Social Media Company With 'Robust Business Model' Has 'Continued Strong User Growth'
Reddit Inc (NYSE:RDDT) shares were climbing in early trading on Wednesday, after the company reported strong first-quarter results.
Reddit Inc（纽约证券交易所代码：RDDT）股价在周三早盘交易中攀升，此前该公司公布了强劲的第一季度业绩。
The results came amid an exciting earnings season. Here are some key analyst takeaways.
业绩是在激动人心的财报季中公布的。以下是一些重要的分析师要点。
BofA Securities On Reddit
Reddit 上的 BofA 证券
Analyst Justin Post reaffirmed a Neutral rating while lifting the price target from $50 to $57.
分析师贾斯汀·波斯特重申了中性评级，同时将目标股价从50美元上调至57美元。
Reddit's first-quarter results reflected strong execution, with revenues and EBITDA of $243 million and $10 million, beating Street expectations of $212 million and $24 million, respectively, Post said in a note.
邮报在一份报告中表示，Reddit的第一季度业绩反映了强劲的执行力，收入和息税折旧摊销前利润为2.43亿美元和1000万美元，分别超过了华尔街预期的2.12亿美元和2400万美元。
He added that the beat was driven by "favorable macro, strong DR growth & new data deals," which included some smaller data deals in addition to Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL).
他补充说，上涨是由于 “有利的宏观、强劲的灾难恢复增长和新的数据交易” 推动的，其中包括除Alphabet Inc（纳斯达克股票代码：GOOG）（纳斯达克股票代码：GOOG）（纳斯达克股票代码：GOOG）之外的一些小型数据交易。
Reddit recorded 9.6 million daily active uniques (DAUqs) during the quarter, higher than Street's 77.3 million expectation, the analyst stated. Management's guidance for the second quarter also came in higher than anticipated and suggests "solid momentum in user growth & ad business," he further wrote.
该分析师表示，Reddit在本季度记录了960万个每日活跃的独家股票（DAUQ），高于华尔街预期的7,730万个。他进一步写道，管理层对第二季度的指导也高于预期，这表明 “用户增长和广告业务势头强劲”。
Check out other analyst stock ratings.
查看其他分析师股票评级。
Goldman Sachs On Reddit
高盛在 Reddit 上
Analyst Eric Sheridan maintained a Neutral rating while raising the price target from $40 to $55.
分析师埃里克·谢里丹维持中性评级，同时将目标股价从40美元上调至55美元。
Reddit reported continued strong user growth, with 37% year-on-year growth in total DAUs, with strength in the U.S. and across international markets, Sheridan said. This growth was driven by "both top of funnel user growth and strong engagement/conversion trends," he added.
谢里登说，Reddit报告称，用户持续强劲增长，总DAU同比增长37％，在美国和国际市场均表现强劲。他补充说，这种增长是由于 “渠道顶端用户增长和强劲的参与度/转化趋势” 推动的。
The health of the digital advertising landscape, Reddit's execution of DAUqs and its "sustained momentum around advertiser count growth and advertiser budget" could be the main drivers of stock price volatility in the upcoming quarters, the analyst stated.
这位分析师表示，数字广告格局的健康状况、Reddit对DAUQs的执行以及 “围绕广告商数量增长和广告商预算的持续势头” 可能是未来几个季度股价波动的主要驱动力。
Needham On Reddit
Reddit 上的 Needham
Analyst Laura Martin reiterated a Buy rating, while lifting the price target from $55 to $63.
分析师劳拉·马丁重申了买入评级，同时将目标股价从55美元上调至63美元。
Reddit generated revenue growth 5X faster than cost growth, "driving strong margin expansion and FCF growth," Martin said. "We believe this is indicative of RDDT's robust business model," she added.
马丁说，Reddit的收入增长速度是成本增长的5倍，“推动了强劲的利润扩张和FCF的增长”。她补充说：“我们认为这表明了RDDT强大的商业模式。”
The company's advertising revenues grew by 39% year-on-year to $223 million, "driven by click volumes and a 40% improvement in click-through rates," the analyst wrote.
该分析师写道，该公司的广告收入同比增长39％，达到2.23亿美元，“这得益于点击量和40％的点击率提高”。
"RDDT is making investments in AI to enhance their user engagement, moderation, and the relevance of content with a goal of improving the user experience and operational efficiency," she further stated.
她进一步表示：“RDDT正在投资人工智能，以增强他们的用户参与度、审核和内容的相关性，目标是改善用户体验和运营效率。”
RDDT Price Action: Shares of Reddit rose by 2.43% to $50.60 at the time of publication on Wednesday.
RDDT价格走势：周三发布时，Reddit的股价上涨了2.43％，至50.60美元。
Photo: Shutterstock
照片：Shutterstock
译文内容由第三方软件翻译。