Core Viewpoint - Reddit Inc. (NYSE:RDDT) is recognized for its potential in the AI era due to its extensive user data, despite a 38% decline in shares year-to-date [2]. Group 1: Analyst Ratings and Price Targets - Needham maintains a Buy rating on Reddit Inc. with a price target of $300, citing improving margins and benefits from large language model (LLM) training [2]. - Truist has raised its price target for Reddit Inc. from $270 to $275 while also keeping a Buy rating, highlighting the company's strength in user communication [2]. Group 2: Advertising Performance - Reddit Inc. has seen significant growth in advertising revenue, attributed to its competitive pricing compared to larger platforms like Instagram [2]. - The company offers targeted advertising at lower rates, making it an attractive option for advertisers [2]. Group 3: Data Value and Acquisition Interest - Jim Cramer expresses a strong belief in the value of Reddit's data, suggesting it is a valuable asset that could attract potential buyers [3][4]. - Cramer emphasizes the company's data as a significant store of value, indicating a positive outlook on its long-term potential [4].
“I Wish I Could Buy” Reddit, (RDDT) Says Jim Cramer