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RDDT Rolls Over on Strong Earnings & Why Analysts Lowered Price Targets


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Reddit (RDDT) posted better-than-expected earnings, great guidance, and even issued a $1 billion share buyback program. The stock still moved lower on Friday. Amid the climbing advertising revenue and daily active user numbers, Marley Kayden turns to several price target decreases that she believes hit shares. Even on some expectations of deceleration, analysts remain largely bullish on the social media company. Dan Deming offers an example options trade for Reddit.


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