Apr 4, 03:25 PM

Bernstein Initiates Underperform Rating on Reddit ($RDDT), Analysts Warn of 15% Downside Risk

Analysts at Bernstein have initiated coverage on Reddit ($RDDT) with an underperform rating, citing concerns about its profitability, executive selling during IPO, and structural disadvantages in competing with larger platforms. Other analysts see Reddit as an 'institutional meme stock' with a potential 15% downside risk. Wall Street reception for Reddit has been lukewarm, with doubts over its ability to turn a profit and concerns about its scale and competitiveness.

#Bernstein #Reddit #Wall Street

Written with ChatGPT (GPT-3).

Sources

PiQ@PiQSuite
2 years ago
⚠️ U.S. BROKERAGES START REDDIT COVERAGE WITH DOUBTS OVER TURNING A PROFIT Full Story → https://t.co/gKpietfQZg Two U.S. brokerages began coverage of Reddit by taking a skeptical stance on the social media platform's ability to turn profitable and raised concerns over its…
The Globe and Mail@globeandmail
2 years ago
U.S. brokerages start Reddit coverage with doubts over turning a profit https://t.co/CledpLMHhr
Forbes@Forbes
2 years ago
‘Poor Man’s Twitter’: Reddit Gets Lukewarm Wall Street Welcome https://t.co/TiDdJO9MnV https://t.co/VMkvFy3vWd

Bernstein Initiates Underperform Rating on Reddit ($RDDT), Analysts Warn of 15% Downside Risk

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