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Stock impact report

Reddit stock rises as Jefferies starts coverage at Buy [Yahoo! Finance]

Pinterest, Inc. Class A (PINS) 
Company Research Source: Yahoo! Finance
The firm said the valuation is based on $65 per share for Advertising and $25 per share for Data Licensing. Reddit shares rose 3% in premarket trading Wednesday. Jefferies estimates that the company's EBITDA will more than double in the next two years to approximately $450 million, which is 12% above the 2026 consensus. This growth is expected to be driven by a significant increase in users and an opportunity to close the monetization gap compared to peers. “RDDT is combining AI-driven product enhancements with a robust archive of contextual content to spur trial and engagement, resulting in recent user growth accelerating to the highest level in 2+ years,” analysts said in a Wednesday note. A major factor contributing to this growth has been Reddit's deeper integration into Google (NASDAQ:GOOGL) search and the rollout of a faster web platform in May 2023. This, along with investments in AI and machine learning, have improved recommendation algorithms and user experience on t Show less Read more
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