Reddit Analysts Slash Their Forecasts Following Q3 Earnings
Reddit beat Q3 revenue and EPS estimates, but weak Q4 guidance sent shares down 21.6%; analysts cut price targets and downgraded the stock.
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Why It Matters
Reddit made more money than expected this quarter. But the company said next quarter might be slower, so experts think the stock is worth less.
This read is generated by AI from raw market data and is for education only. It is not financial advice, not a signal, and not a recommendation to buy or sell.
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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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