Reddit Rallies 7% as Baird Says Renewal Risk Is Already Priced In, Pinterest Holds Flat
Source ↗
👁 0
💬 0
The post Reddit Rallies 7% as Baird Says Renewal Risk Is Already Priced In, Pinterest Holds Flat appeared first on 24/7 Wall St..
Reddit (NYSE:RDDT) stock is rallying Wednesday morning after a research note from Baird argued the market has already discounted the worst outcome for the company’s two AI data licensing agreements, both of which expire next year. That reframing lands on a name whose year has been defined by exactly this question.
Reddit shares are up 7% to $155.07. Meanwhile, P
Reddit (NYSE:RDDT) stock is rallying Wednesday morning after a research note from Baird argued the market has already discounted the worst outcome for the company’s two AI data licensing agreements, both of which expire next year. That reframing lands on a name whose year has been defined by exactly this question.
Reddit shares are up 7% to $155.07. Meanwhile, P
Comments (0)