New Street Research - Reddit Inc (RDDT) Reddit (RDDT, Neutral, $54 target) Data licensing tracking our base case after OpenAI deal

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New Street Research

Dan Salmon

EUR 8533.00 For Business Accounts Only

Reddit (RDDT, Neutral, $54 target) Data licensing tracking our base case after OpenAI deal

RDDT and OpenAI announced their long-awaited partnership (OpenAI CEO Sam Altman was an early investor in RDDT and owned 9% pre-IPO). We don't think the deal is a surprise to the buyside, and our model assumed OpenAI was added before the end of 3Q24.

17/05/2024 1 EN

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Reddit Inc

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Dan Salmon

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Reddit (RDDT, Neutral, $54 target) Data licensing tracking our base case after OpenAI deal

TikTok/Google Litigation Expert Call Recap: Timelines, Remedies, and why to Buy SNAP

Reddit (RDDT, Neutral, $59 target) Takeaways from Reddit’s Future of Search Webinar

Reddit (RDDT, Neutral, raising target to $59 from $54) 2Q24 Model Update

SATS, Carr, and the Art of the No Deal…Yet

Supreme Court Upholds USF Framework but Reform Still Ahead

CMCSA quick hit: Comcast continues to make the right pricing moves

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