BUZZ-Reddit falls after Redburn Atlantic starts coverage at 'sell'

Reuters

Mar 17, 2025

BUZZ-<a href="https://laohu8.com/S/RDDT">Reddit</a> falls after Redburn Atlantic starts coverage at 'sell'

** Reddit's RDDT.N shares down 4% at $123.05 early Mon after Redburn Atlantic initiates coverage of social media firm with 'sell' rating

** Redburn sets PT at Street-low $75, per LSEG data, implying ~42% downside to stock's close on Fri

** Earlier this month, co launched new content moderation and analytics tools in co's latest step to boost platform engagement

** In Feb, RDDT missed Wall Street consensus for daily active unique visitors, hit by Alphabet's GOOGL.O Google search algorithm change

** Now, of 22 brokerages covering RDDT, recommendation breakdown is 14 "strong buy" or "buy", 6 "hold", and 2 "sell" or "strong sell" - LSEG

** Median PT of $210 unchanged from a month ago, but up from $180 on Jan 17

** With move on Mon, shares down ~25% YTD

** The microblogging platform behind the popular WallStreetBets forum, went public last Mar after its IPO priced at $34

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))

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The views expressed are his own)</p><p>((lance.tupper@tr.com 1-646-279-6380))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1642822529.SGD","symbol_name":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"A\" (SGD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250317:nL6N3Q00GT:1","article_id":"2520052706","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2520052706","pubTimestamp":1742220253,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Reddit falls after Redburn Atlantic starts coverage at 'sell'** Reddit's RDDT.N shares down 4% at $123.05 early Mon after Redburn Atlantic initiates coverage of social media firm with 'sell' rating** Redburn sets PT at Street-low $75, per LSEG data, implying ~42% downside to stock's close on Fri** Earlier this month, co launched new content moderation and analytics tools in co's latest step to boost platform engagement** In Feb, RDDT missed Wall Street consensus for daily active unique visitors, hit by Alphabet's GOOGL.O Google search algorithm change** Now, of 22 brokerages covering RDDT, recommendation breakdown is 14 \"strong buy\" or \"buy\", 6 \"hold\", and 2 \"sell\" or \"strong sell\" - LSEG. ** Median PT of $210 unchanged from a month ago, but up from $180 on Jan 17. microblogging platform behind the popular WallStreetBets forum, went public last Mar after its IPO priced at $34","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1642822529.SGD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"A\" (SGD) ACC","LU0302445910.USD":"SCHRODER ISF GLOBAL CLIMATE CHANGE EQUITY \"A\" ACC","LU2362541273.HKD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (HKD) ACC","LU0203345920.USD":"SCHRODER ISF QEP GLB ACT. 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The views expressed are his own)((lance.tupper@tr.com 1-646-279-6380))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}