Reddit stock climbs after Jefferies initiates coverage with a buy rating
Shares of Reddit Inc. were up 2.6% Wednesday after Jefferies initiated coverage of the social-media platform with a buy rating. Jefferies estimated that Reddit’s Ebitda will more than double in the next two years to around $450 million.
Reddit Stock Boosted by Fresh Analyst Coverage
Options traders are flocking to bullish bets today. At last check, 3,673 calls have crossed the tape, volume that's triple the average intraday amount and well above the 698 puts traded so far. New positions are being sold to open at the most popular position, the weekly 10/25 80-strike call.
Reddit Stock Rises as Jefferies Calls Stock a 'Buy' on AI Strengths
Key Takeaways Reddit shares rose Wednesday after analysts at Jefferies initiated coverage of the company with a "buy" rating.The company has secured contracts with Google and OpenAI to use its content in the training of generative AI models.
Jefferies Initiates Coverage of Reddit (RDDT) with Buy Recommendation
Fintel reports that on October 9, 2024, Jefferies initiated coverage of Reddit (NYSE:RDDT) with a Buy recommendation. Analyst Price Forecast Suggests 1.45% Downside As of September 25, 2024, the average one-year price target for Reddit is $69.
Reddit (NYSE:RDDT) Gains After Jefferies Initiates Coverage with a Buy Rating
Shares of Reddit ($RDDT) were on an upswing in Wednesday’s trading after top-rated Jefferies analyst John Colantuoni initiated coverage on the
Jefferies initiates Reddit with 'buy' on opportunity from user growth
Financial writer reports Jefferies bullish on Reddit's (RDDT) growth potential, AI-driven enhancements driving user engagement and revenue growth.
Reddit is super popular with millennials — and I think I know why
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Reddit gains 4% as Jefferies starts at Buy on user growth, monetization room
Reddit stock (RDDT) rose 4% early Wednesday, among top gainers in Communication Services stocks, after Jefferies initiated ...
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Reddit Prevents Mods From Making Subreddits Permanently Private or NSFW
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Reddit user headed to prison for enticement of a minor
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