FMP
Sep 20, 2024 8:24 AM - Davit Kirakosyan
Image credit: FMP
B.Riley analysts initiated coverage on Reddit (NYSE:RDDT) with a Buy rating and a price target of $75 on the stock.
The analysts highlighted Reddit’s unique platform, which serves tens of millions of users across over 100,000 communities, offering a compelling value proposition for users, advertisers, and content licensees. They believe Reddit is still in the early stages of monetizing its platform through advertising and data licensing, positioning it for strong top-line growth and margin expansion in the years ahead.
With a valuation of approximately 31x 2025 estimated EBITDA, the analysts find the risk/reward profile attractive, citing Reddit’s potential for above-industry growth and leverage opportunities in the coming years.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 16, 2024 8:06 PM - Gordon Thompson
On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...