Dernières nouvelles pour Reddit (NYSE:RDDT) Stock

Reddit

Reddit Inc is engaged in providing internet content. The company provides online services that include gaming, sports, business, crypto, television and others.

Reddit Inc

RADIENT TECH INC ORD by Radient Technologies Inc

Radient Technologies Inc

Barclays analyst George Wang maintains Flex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLEX#NASDAQ">FLEX</a>) with a Overweight and raises the price target from $39 to $43.

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Price Target

Analyst Ratings

FLEX

Barclays Maintains Overweight on Flex, Raises Price Target to $43

Barclays analyst Alex Scott maintains Everest Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EG#NYSE">EG</a>) with a Overweight and lowers the price target from $527 to $517.

Barclays Maintains Overweight on Everest Group, Lowers Price Target to $517

Barclays analyst Carter Gould maintains Eli Lilly (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) with a Overweight and lowers the price target from $1025 to $975.

Barclays Maintains Overweight on Eli Lilly, Lowers Price Target to $975

Oppenheimer analyst Ittai Kidron maintains Twilio (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWLO#NYSE">TWLO</a>) with a Outperform and raises the price target from $85 to $90.

TWLO

Oppenheimer Maintains Outperform on Twilio, Raises Price Target to $90

Barclays analyst Raimo Lenschow maintains Dayforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAY#NYSE">DAY</a>) with a Equal-Weight and raises the price target from $63 to $70.

Barclays Maintains Equal-Weight on Dayforce, Raises Price Target to $70

Oppenheimer analyst Jed Kelly maintains Booking Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>) with a Outperform and raises the price target from $5000 to $5500.

BKNG

Oppenheimer Maintains Outperform on Booking Holdings, Raises Price Target to $5500

Barclays analyst Andrew Mok maintains DaVita (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVA#NYSE">DVA</a>) with a Equal-Weight and raises the price target from $150 to $164.

Barclays Maintains Equal-Weight on DaVita, Raises Price Target to $164

TD Cowen analyst Bryan Bergin maintains Cognizant Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) with a Hold and raises the price target from $75 to $76.

CTSH

TD Cowen Maintains Hold on Cognizant Tech Solns, Raises Price Target to $76

Barclays analyst Matthew Bouley maintains D.R. Horton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) with a Overweight and lowers the price target from $200 to $192.

Barclays Maintains Overweight on D.R. Horton, Lowers Price Target to $192

Florida Chief Financial Officer Jimmy Patronis is advocating for the state's pension fund to explore crypto investments, emphasizing the <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41653546/blackrocks-bitcoin-etf-crosses-1-million-btc-in-assets-under-management">long-term viability of digital assets</a>.
What Happened: "We'd be a fool if we're not prepared to do everything we can to harness the opportunities there," Patronis stated in an <a href="https://x.com/Cointelegraph/status/1852008041522094122">interview</a> with CNBC on Thursday, underlining his commitment to equipping Florida's State Board of Administration (SBA) with a comprehensive investment toolkit, which now includes cryptocurrencies.
With Florida experiencing significant economic growth and an influx of 400,000 new residents last year, Patronis believes the state's strong fiscal reserves—now quadruple what they were in 2020—make it well-positioned to diversify into crypto. 
&#8220;Crypto's not going anywhere. It's not going to contract; it's going to continue to expand," he said, reinforcing his bullish stance on Florida's economy and its potential alignment with digital assets like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41658646/trading-bitcoin-during-the-2024-election-heres-what-you-should-know">Trading Bitcoin During The 2024 Election: Here&#8217;s What You Should Know</a>
Patronis also referenced global competition, cautioning that ignoring crypto could allow rival nations to gain a technological edge. 
Highlighting his concerns about <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41599395/bitcoin-demand-to-surge-as-china-implements-monetary-chemotherapy-arthur-hayes-predicts">China's crypto ambitions</a>, he added, "If you're not paying attention to it, you're making a mistake."
Patronis reiterated that recent legislation signed by Florida Governor Ron DeSantis, aiming to curb federal overreach into personal finances and combat Central Bank Digital Currencies (CBDCs), aligns well with his push for state-level crypto initiatives.
What&#8217;s Next: As Patronis continues to promote crypto integration into Florida's pension fund, the digital asset landscape will be a critical topic at the upcoming Benzinga <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19, where industry experts will address similar issues surrounding digital assets, regulatory implications, and investment strategies.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41655616/trump-vs-harris-who-are-whales-betting-on-and-whos-the-favorite-of-smaller-bettors">Trump Vs. Harris: Who Are Whales Betting On And Who&#8217;s The Favorite Of Smaller Bettors?</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

'We'd Be A Fool If We're Not Prepared'—Florida's Chief Financial Officer Vows To 'Harness Opportunities' In Crypto

Oppenheimer analyst Jay Olson maintains Biogen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIIB#NASDAQ">BIIB</a>) with a Outperform and lowers the price target from $270 to $255.

BIIB

Oppenheimer Maintains Outperform on Biogen, Lowers Price Target to $255

TD Cowen analyst Derrick Wood maintains Confluent (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFLT#NASDAQ">CFLT</a>) with a Buy and raises the price target from $27 to $31.

CFLT

TD Cowen Maintains Buy on Confluent, Raises Price Target to $31

Barclays analyst Raimo Lenschow maintains Confluent (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFLT#NASDAQ">CFLT</a>) with a Overweight and raises the price target from $29 to $32.

Barclays Maintains Overweight on Confluent, Raises Price Target to $32

Oppenheimer analyst Hartaj Singh maintains United Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UTHR#NASDAQ">UTHR</a>) with a Outperform and raises the price target from $575 to $600.

UTHR

Oppenheimer Maintains Outperform on United Therapeutics, Raises Price Target to $600

Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) shares <a href="https://www.benzinga.com/movers" target="_blank" rel="noreferrer noopener">are trading marginally higher on Thursday.</a>
Yesterday, the company reported fourth-quarter revenues of &nbsp;$9.07 billion versus&nbsp;estimates of $9.38 billion. Comparable store sales declined 7% globally, driven by an&nbsp;8%&nbsp;decline in comparable transactions, partially offset by a&nbsp;2%&nbsp;increase in average ticket.
Wedbush analyst Nick Setyan reiterated the Neutral rating on the stock, <a href="https://www.benzinga.com/quote/SBUX/analyst-ratings">lowering the price forecast to $95 from $98.</a>
According to the analyst, the firm&#8217;s current valuation reflects limited visibility for near-term revenue and earnings. However, there is confidence in management&#8217;s potential for long-term annual operating margin expansion and EPS growth aligned with historical rates.
According to the analyst, CEO Niccol identified a key issue for SBUX: improving customer wait times to under four minutes across all ordering methods to enhance these speeds while also providing a great coffeehouse experience.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41638437/brian-niccol-confident-customers-will-come-back-to-starbucks-as-company-shifts-strategy-under-new-c" rel="noreferrer noopener">Brian Niccol Confident&#8217; Customers Will Come Back&#8217; To Starbucks As Company Shifts Strategy Under New CEO: Q4 Earnings</a>
The analyst notes that the company will eliminate the upcharge for alternative dairy products, impacting comp and operating margins by about 1% in the U.S.
Additionally, promotional efforts will shift from offers to marketing, with expected lower unit growth in FY25 and upcoming remodels to address current challenges.
The analyst&#8217;s FY25 U.S. SSS growth estimate is 0.0%, and the International SSS growth estimate is (4.8%).
Setyan lowered the FY25 EPS estimate to $2.88 from $3.35. The analyst did not introduce FY26 estimates, given the lack of visibility.
TD Cowen analyst Andrew M. Charles reiterated the Buy rating on the stock, with a price forecast of $110.
The analyst notes that achieving wait times of under 4 minutes will need customized solutions.
While no long-term guidance was provided, the analyst argues that the strategy should achieve durable North America same-store sales growth of over 5%, which is necessary to improve domestic margins.
The analyst highlights that the company is mapping out a food &amp; beverage SKU rationalization.
Per Charles, the focus on simplification &amp; thru-put delays the timeline for material menu innovation as Niccol enhances Starbucks&#8217; stage gate process. The analyst lowered the 2025 EPS estimate to $3.06 from $3.98.
Price Action: SBUX shares are trading higher by 0.32% to $97.63 at last check Thursday.
Photo by Manu Padilla on Shutterstock
Related Link:
<ul>
<li> <a href="https://www.benzinga.com/markets/equities/24/10/41621039/starbucks-pulls-the-plug-on-howard-schultzs-brainchild-olive-oil-infused-drinks-as-new-ceo-brian" target="_blank" rel="noreferrer noopener">Starbucks Pulls The Plug On Howard Schultz&#8217;s Brainchild Olive Oil-Infused Drinks As New CEO Brian Niccol Pushes To Simplify Coffee Giant&#8217;s Menu</a></li>
</ul>

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SBUX

Starbucks Faces Sales Slump But Analysts See Silver Lining With New CEO's Efficiency Strategy

Macro Economic Events

Econ #s

Economics

EIA Says U.S. Gasoline Exports Rose To 781,000 Barrels/Day In Aug (Vs 757,000 Barrels/Day In July); U.S. Total Oil Demand In Aug Down 0.3 Pct Or 57,000 Barrels/Day Versus Last Year At 20.711M Barrels/Day (Vs 2.2% Rise In July)

Mizuho analyst Arvind Ramnani maintains Dayforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAY#NYSE">DAY</a>) with a Outperform and raises the price target from $80 to $85.

Mizuho Maintains Outperform on Dayforce, Raises Price Target to $85

EIA Says U.S. Crude Oil Production Rose 195,000 Barrels/Day In Aug To 13.401M Barrels/Day (Vs Revised 13.206M Barrels/Day In July); U.S. July Oil Production Revised Up By 1,000 Barrels/Day To 13.206M Barrels/Day

EIA Says U.S. Crude Oil Exports Fell To 3.907M Barrels/Day In Aug (Vs 4.193M Barrels/Day In July); U.S. Total Refined Oil Product Exports Rose To 3.546M Barrels/Day In Aug (Vs 3.063M Barrels/Day In July); U.S. Distillates Fuel Exports Rose To 1.516M Barrels/Day In Aug (Vs 1.344M Barrels/Day In July)

Barclays analyst Matthew Bouley maintains Champion Homes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKY#NYSE">SKY</a>) with a Equal-Weight and raises the price target from $85 to $90.

Barclays Maintains Equal-Weight on Champion Homes, Raises Price Target to $90

Analyst Colin Sebastian of Robert W. Baird maintained a Hold rating on Reddit Inc Class A (RDDT – Research Report), boosting the price target to $1...

Cautious Optimism for Reddit Inc.: Hold Rating Amidst Impressive Growth and Future Uncertainties

Solid user engagement drives Reddit's robust results; shares soar (update)

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Morning Movers: Caterpillar and Eli Lilly sink following quarterly reports

Reddit (RDDT) is up 33.9%, or $27.69 to $109.43. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial ne...

Reddit rises 33.9%

Reddit (RDDT) is up 32.1%, or $26.23 to $107.97. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial ne...

Reddit rises 32.1%

Biggest stock movers Wednesday: SMCI, LLY, GOOG, SNAP, and more

Reddit: Astronomical Rally Potential As This Company Expands Beyond English

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1. STOCK NEWS: Alphabet (GOOGL) reported upbeat Q3 re...

Alphabet, AMD report Q3 earnings beats: Morning Buzz

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Reddit rises 40.6%

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StockTok: Reddit third quarter results spark share surge

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SuRo Capital: Unlocking Access To Potentially High-Growth Venture Opportunities Like OpenAI And Liquid Death

Press Releases

Meme Stocks Surge Led by 'Roaring Kitty' and Social Media Buzz on Reddit (NYSE: RDDT), GME, DYAI, AMC, PRSO, NVAX

IAS PARTNERS WITH REDDIT TO PROVIDE AI-DRIVEN MEASUREMENT TO ADVERTISERS

The New York Stock Exchange Leads Industry in Global IPO Proceeds for the First Half of 2024

Reddit to Announce Second Quarter 2024 Results on Tuesday, August 6, 2024

Reddit Announces Second Quarter 2024 Results

Reddit to Participate in Goldman Sachs Communacopia + Technology Conference

Reddit to Announce Third Quarter 2024 Results on Tuesday, October 29, 2024

Reddit Announces Third Quarter 2024 Results

Triller Group Inc. (NASDAQ: ILLR) Reversing as Shorts Run for Cover – see more stocks inside…

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Autohome Inc. American Depositary Shares, each representing four class A ordinary shares.

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