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Reddit Analysts Expect 'Strong Beat And Raise, Healthy Engagement Trends' For Q1 Earnings
Reddit Inc (NYSE:RDDT) will be reporting its first-quarter earnings on Tuesday. Wall Street expects -$8.71 in EPS and $212.83 million in revenues as the company reports after market hours.
The company is known for being a social news aggregation, web content rating, and discussion website. It’s often referred to as “the front page of the internet” because of its wide-ranging and diverse user-generated content. On March 21, Reddit’s stock started trading on the NYSE.
This is the first time the company is reporting earnings after going public.
Bank of America analyst Justin Post has reiterated Neutral with the price target raised from $46 to $50 a share.
JMP analyst Andrew Boone has a Market Outperform rating on Reddit stock with a price target of $53 a share.
Here's what the analysts are anticipating from the Q1 earnings release, what they ...