1. Reddit anticipates a 64% revenue increase in Q4 earnings. 2. Daily active users expected to rise to 103.24 million. 3. Analyst ratings show 8 'buy' ratings, 3 'hold' ratings. 4. Deutsche Bank raised price target from $195 to $235. 5. Reddit's price has surged nearly 40% since January.
Strong revenue and user growth could drive higher demand for RDDT shares, akin to prior earnings reports that boosted tech stocks post-positive forecasts.
Earnings reports are crucial for stock performance; anticipated growth metrics suggest significant positive sentiment.
Upcoming earnings report expected to impact RDDT's stock price in the near term, similar to past earnings spikes following strong expectations.