"Goldman Sachs raised the firm's price target on Reddit () to $236 from $212 and keeps a Neutral rating on the shares as part of a broader research note previewing Q3 results in Digital Advertising names."
"The firm is raising its FY25-FY27 topline growth estimates to reflect a continued healthy operating environment while noting that its checks are pointing to continued momentum for Reddit building scale in both core advertising revenues and data licensing revenues into the second half of 2025 and beyond, the analyst tells investors in a research note."
Goldman Sachs increased its price target on Reddit from $212 to $236 and maintained a Neutral rating on the shares. The firm raised FY25–FY27 topline growth estimates to reflect a continued healthy operating environment. Internal checks indicate sustained momentum for Reddit as it builds scale in both core advertising revenues and data licensing revenues. The firm expects this momentum to continue into the second half of 2025 and beyond. The change was issued within a broader research preview of Q3 results across digital advertising companies.
Read at TipRanks Financial
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