Roth MKM analyst Rohit Kulkarni maintains $Reddit (RDDT.US)$ with a buy rating, and adjusts the target price from $89 to $116.
According to TipRanks data, the analyst has a success rate of 62.2% and a total average return of 20.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Reddit (RDDT.US)$'s main analysts recently are as follows:
Reddit has reported a strong third quarter and presents an optimistic outlook for the fourth quarter. The company is experiencing benefits from structural enhancements as it continues to execute its strategic plan focusing on product development, user growth, and monetization efforts.
The firm's assessment of Reddit acknowledges a robust third-quarter performance and an optimistic revenue and EBITDA forecast for the fourth quarter, surpassing expectations. Adjustments to the firm's projections were made to accommodate increased advertising income, balanced by a minor dip in data revenue. The firm notes another quarter of solid performance in advertising, yet believes the current high stock valuation implies restricted growth potential.
The company has reported third-quarter results which were noteworthy, with revenue surpassing consensus forecasts by 11% and EBITDA exceeding the upper range of guidance by 57%. The impressive financial performance is rooted in the sustained growth in user numbers and enhanced engagement, with daily active users escalating by 47% compared to the previous year. This growth has been partly fueled by increased interactions on the platform as well as the company's global machine translation efforts. The expectation is that these positive trends will persist as the company introduces new advertising formats and begins monetizing additional features such as search, video, and shopping, while continuing to improve its operating efficiency.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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Roth MKM分析師Rohit Kulkarni維持$Reddit (RDDT.US)$買入評級，並將目標價從89美元上調至116美元。
根據TipRanks數據顯示，該分析師近一年總勝率為62.2%，總平均回報率為20.6%。
此外，綜合報道，$Reddit (RDDT.US)$近期主要分析師觀點如下：
Reddit報告了強勁的第三季度，對第四季度持樂觀展望。該公司正從結構改進中獲益，繼續執行其專注於產品開發、用戶增長和營收努力的戰略計劃。
該公司對Reddit的評估承認了強勁的第三季度表現，並預測第四季度的營業收入和EBITDA樂觀，超出預期。公司對預測進行了調整，以適應廣告收入增加，部分抵消了數據收入的輕微下降。公司指出廣告業績持續強勁，但認爲當前高股價估值暗示了受限的增長潛力。
該公司報告了引人矚目的第三季度業績，營業收入超出共識預測11％，EBITDA超出指導範圍上限57％。出色的財務表現根植於用戶數量和參與度持續增長，日活躍用戶比去年增長47％。這種增長在一定程度上是由平台上互動的增加以及公司的全球貨幣機器翻譯努力推動的。預期這些積極趨勢將持續，因爲公司推出新的廣告格式，並開始變現搜索、視頻和購物等附加功能，同時繼續提高其運營效率。
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