Reddit Rallies 7% as Baird Says Renewal Risk Is Already Priced In, Pinterest Holds Flat

Reddit Rallies 7% as Baird Says Renewal Risk Is Already Priced In, Pinterest Holds Flat

Baird just reframed the biggest risk hanging over Reddit stock, and the market responded with its sharpest single-day move in months. Here is what two expiring AI licensing deals actually mean for the bull and bear cases.

Reddit (RDDT) Stock Surges 9% as Analysts Dismiss Google Contract Concerns

Reddit (RDDT) stock surged 9.3% as Baird analyst says Google contract concerns already priced in. The $130M deal expires early 2025.

Reddit (RDDT) Stock Pops 9% as Wall Street Shrugs Off Google Deal Worries

TLDR Reddit stock rose 9.3% to $158.10 on Wednesday, making it one of the top performers in the S&P 500 Baird analyst Colin Sebastian said the market has already priced in a weak or flat renewal of Reddit’s Google data deal The Google data licensing contract, worth about $130 million in revenue,...