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Reddit's Ad Strategy Is Clicking, Say Analysts—Strong Q1 Sets Stage For Profitable Growth in 2025
Benzinga· 2025-05-02 19:03
Reddit, Inc. RDDT shares are trading higher on Friday.On Thursday,  Reddit reported first quarter earnings of 13 cents per share, which beat the analyst consensus estimate of two cents. Quarterly revenue of $392.36 million beat the street consensus expectations for $370.01 million and is an increase of revenue of $242.96 million from the same period last year.Here are the analysts’ takes on the stock:Needham analyst Laura Martin reiterated a Buy rating on Reddit, raising the price forecast from $135 to $145 ...