Baird lowered its price target on Reddit to $200 from $240, and maintained a ‘Neutral’ rating on the shares, saying it updated its model after its quarterly results and outlook.
The gaming company reported a loss of $0.45 per share in Q4 on revenue of $2.22 billion, compared to Wall Street estimates of a loss of $0.47 per share on revenue of $1.79 billion.
Multiple brokerages cut their price target on the stock after Doximity reported a fall in third-quarter earnings and a soft fourth-quarter revenue outlook.
Supporters of the bullish case point to aggressive capital expenditure plans by major technology companies, which they believe will eventually benefit Nvidia.
The data center developer company on Thursday reported an adjusted core loss of $295.4 million, compared to the profit of $321.6 million recorded in the corresponding period a year ago.
Affirm Holdings saw its provision for credit losses jump to $214.2 million in the second quarter compared to nearly $153 million from the same quarter a year ago.
The Future Fund Managing Partner Gary Black said in a post on X on Thursday that nothing indicates more confidence in a company than its CEO buying shares.
Meta is positioning artificial intelligence at the core of its business strategy following stronger-than-expected fourth-quarter results and outlining ambitious plans for 2026.
