Baird analyst Colin Sebastian maintains $Reddit (RDDT.US)$ with a hold rating, and adjusts the target price from $59 to $100.
According to TipRanks data, the analyst has a success rate of 57.8% and a total average return of 14.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Reddit (RDDT.US)$'s main analysts recently are as follows:
Reddit's recent quarterly results surpassed expectations, coupled with an optimistic forecast for Q4. The company is experiencing advantages from systematic enhancements as it effectively implements its strategic plan encompassing product development, user growth, and revenue generation.
Following a robust Q3 performance and a Q4 revenue and EBITDA forecast surpassing analyst expectations, the projected earnings have been adjusted to account for increased advertising revenue, tempered by a minor decline in data revenue. The consistent strong performance in the advertising segment is seen positively, yet the current high valuation of the stock indicates a potential ceiling on further growth.
The company has reported robust third-quarter results, with revenues surpassing the consensus estimates by 11% and EBITDA exceeding the upper end of guidance by 57%. This performance is underpinned by sustained growth in user numbers and increased engagement, with daily active users climbing by 47% compared to the previous year. This uptick is partly due to enhanced platform conversations and the implementation of machine translation on a global scale. It is anticipated that these positive trends will persist as the company introduces new advertising formats and begins to monetize additional features such as search, video, and shopping, while maintaining operational leverage.
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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貝雅分析師Colin Sebastian維持$Reddit (RDDT.US)$持有評級，並將目標價從59美元上調至100美元。
根據TipRanks數據顯示，該分析師近一年總勝率為57.8%，總平均回報率為14.0%。
此外，綜合報道，$Reddit (RDDT.US)$近期主要分析師觀點如下：
Reddit最近的季度業績超出預期，加上對第四季度的樂觀預測。該公司正在從系統提升中獲益，有效實施戰略計劃涵蓋產品開發、用戶增長和營收生成。
在強勁的第三季度表現和對第四季度營收和EBITDA預期超出分析師預期之後，預計收益已調整，以反映廣告收入增加，同時受數據收入略微下降的影響。廣告部分持續強勁的表現被看作積極因素，但股票當前高估值表明進一步增長存在潛在上限。
該公司報告了強勁的第三季度業績，營收較共識預期增長了11%，EBITDA超出指導範圍的上限57%。這一表現得益於用戶數量的持續增長和參與度的提高，日活躍用戶數較去年同比增長了47%。這種增長部分歸功於強化平台交流以及在全球範圍內實施機器翻譯。預計這些積極趨勢將持續下去，因爲公司推出新的廣告格式，並開始實現額外功能的商業化，比如搜索、視頻和購物，同時保持業務槓桿。
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分析師總勝率為近一年分析師的評級成功次數占總評級次數的比率。評级的成功與否，取決於TipRanks的虚擬投資組合是否從該股票中產生正回報。
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