Reddit Analysts Cut Price Targets After Q3 Print, October Search Referrals Down Over 1 Million Per Week
Reddit shares fell despite 53% revenue growth. Declining search referrals and cautious Q4 outlook drove analyst downgrades and PT cuts.
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Why It Matters
Reddit made way more money this quarter, but fewer people found it through search. That made experts worried about what comes next, so they lowered their price targets.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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