HomeIndustriesEntertainment & MediaIs Valuation to Blame for Reddit (RDDT) Downgrade?

Is Valuation to Blame for Reddit (RDDT) Downgrade?

Even assuming the likely upside to 2024-25 estimated we don’t believe the upside reward meaningfully outweighs the downside risk, notes a Loop Capital analyst after downgrading Reddit (RDDT). Nate Peterson questions the downgrade as Reddit had a good quarter.

Fast Market

16 Jul 2024

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