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home / news releases / PINS - Reddit Stock IPO: Rise Of The Memes - Strong Buy Rating $60 PT

PINS - Reddit Stock IPO: Rise Of The Memes - Strong Buy Rating $60 PT

Pinterest Inc. Class A

2024-03-19 09:28:10 ET

Summary

  • Reddit's IPO is set to take place on March 20, with a proposed valuation of $6.5 billion.
  • The stock ticker will be "RDDT."
  • Reddit is not yet profitable, but I expect 20% top-line growth and 30% net margins over the long term.
  • The proposed IPO valuation looks far too cheap for the stock, and I'd be a buyer even after a 100% run-up.

For further details see:

Reddit Stock IPO: Rise Of The Memes - Strong Buy Rating, $60 PT
Stock Information
Company Name: Pinterest Inc. Class A
Stock Symbol: PINS
Market: NYSE
Website: pinterest.com
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