Reddit, Inc. (RDDT)
After hours:
- Insider Monkey
Why is Reddit so Great for Research on Stocks?
We recently made a list of 15 Best Websites To Research Stocks. Reddit is one of them. While Reddit is not a finance platform, the threads it has on investing are extremely useful. When it comes to building a strong portfolio, retail investors conduct a great deal of research to learn about the macroeconomic climate, […]
- Yahoo Finance Video
Global central banks, Kevin Mayer at Cannes: Catalysts
The markets (^DJI, ^IXIC, ^GSPC) are rebooting from a mid-week holiday and probably already getting prepped for the weekend. Yahoo Finance's Madison Mills and Brad Smith walk investors through the morning trading hours and what's moving markets on Thursday's episode of Catalysts. Deutsche Bank Global Chief Investment Officer Christian Nolting joins the show to talk about the diverging interest rate paths of global central banks and the US Federal Reserve. Needham & Co. Senior Media & Internet Analyst Laura Martin breaks down her coverage of Apple's AI plans (AAPL), Netflix's immersive Netflix House experience (NFLX), and Reddit (RDDT). Candle Media Co-Founder and Co-CEO Kevin Mayer sits down with Yahoo Finance Executive Editor Brian Sozzi at the Cannes Lions International Festival of Creativity to tackle a wide array of subjects within the media landscape, including streaming platforms' pivots into live sports, Disney (DIS) CEO Bob Iger's future succession plans, and Paramount Global (PARA, PARAA) acquisition saga. Keep up to date on Yahoo Finance's full coverage of this year's Cannes Lions International Festival of Creativity. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Here's why Reddit has more room to grow: Analyst
Shares of Reddit (RDDT) are up almost 25% since its IPO debut in March. Needham & Company senior entertainment and internet analyst Laura Martin raised her price target for the company from $63 to $75, citing its new AI deal and more. Martin joins Catalysts to give insight into her call and explain her belief that the social media company has more room to grow. Martin argues Reddit will gain even more from future deals with other tech companies: "So the margins here are 90% when they do one of these licensing deals and they already have a $200 million deal with Google (GOOG, GOOGL) ... And then they just got another $200 million deal from OpenAI, Sam Altman's company that Microsoft (MSFT) is the big investor in. I expect all the Amazon (AMZN) large language models and the Meta (META) large language models to also license the Reddit conversations to keep up with changing English real quickly." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
