Reddit, Inc.

Our Buy thesis is predicated on the argument that the recent and continuing product and monetization improvements will result in upside to the current consensus estimates. In this note we show that, according to our…

We are updating our estimates following Q2 FY24 report. Our rating and price target remain unchanged. We currently expect RDDT to report the following results: Q3 FY24: Average Daily Uniques (DAUq) of 96m; $275m in advertising…

We are initiating coverage of RDDT with a Buy rating and 12 month price target of $67. Our thesis is straightforward: we believe that the recent and continuing product and monetization improvements will drive upside…