Reddit Q3 Preview: Licensing The Next Growth Catalyst After Ads [Seeking Alpha]
Sprinklr, Inc. Class A (CXM)
Company Research
Source: Seeking Alpha
Follow Summary Reddit's stock has risen over 25% since my initial "buy" rating, driven by strong advertising and data licensing revenue after it signed a partnership with OpenAI to improve user innovation. Its Q2 FY24 earnings showed 54% YoY revenue growth and a 3300 basis point margin expansion, with DAUq reaching an all-time high of 91.2M. Key growth drivers include international expansion, targeted product investments to deepen user engagement and build advertiser relationships, and data licensing agreements, particularly with OpenAI and Sprinklr. Despite short-term volatility, Reddit's two-pronged revenue growth strategy and operational discipline justify maintaining a "buy" rating with an 11% upside. stockcam Introduction & Investment Thesis I last wrote about Reddit (NYSE: RDDT ) where I initiated a “buy” rating as the company was seeing steady growth in its advertising revenue and profitability from targeted product investments to drive DAUq (Daily Active Uniqu
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CXM
News
- Sprinklr, Inc. (NYSE: CXM) was upgraded by analysts at Scotiabank to a "hold" rating.MarketBeat
- Sprinklr, Inc. (NYSE: CXM) is now covered by analysts at Scotiabank. They set a "sector perform" rating and a $7.70 price target on the stock.MarketBeat
- Aggie Makes Social Media Not Suck [Yahoo! Finance]Yahoo! Finance
- We Like These Underlying Return On Capital Trends At Sprinklr (NYSE:CXM) [Yahoo! Finance]Yahoo! Finance
- Sprinklr Announces Date of Third Quarter Financial ResultsBusiness Wire
CXM
Earnings
- 9/4/24 - Beat
CXM
Sec Filings
- 11/13/24 - Form SC
- 11/12/24 - Form SC
- 11/12/24 - Form SC
- CXM's page on the SEC website