IQVIA Posts Upbeat Earnings, Joins Terex, Reddit And Other Big Stocks Moving Higher On Monday
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 22 2024
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Source: Benzinga
U.S. Stock Market Performance: U.S. stocks rose on Monday, with the Nasdaq Composite gaining over 100 points, driven by strong performances from companies like IQVIA Holdings, which saw a 7.4% increase after better-than-expected earnings and raised guidance.
Notable Stock Gains: Several other companies experienced significant stock price increases, including Tellurian Inc. (up 64.5% due to acquisition news), Serve Robotics Inc. (up 46.6% after Nvidia's investment), and Cassava Sciences, Inc. (up 27.2% following trial announcements).
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Analyst Views on RDDT
Wall Street analysts forecast RDDT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RDDT is 260.00 USD with a low forecast of 207.00 USD and a high forecast of 325.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
22 Analyst Rating
14 Buy
8 Hold
0 Sell
Moderate Buy
Current: 193.140
Low
207.00
Averages
260.00
High
325.00
Current: 193.140
Low
207.00
Averages
260.00
High
325.00
About RDDT
Reddit, Inc. operates a social platform, Reddit. Reddit is a community of communities. It is built on shared interests, passion, and trust and is home to open and authentic conversations on the Internet. Reddit is a global, digital city where anyone in the world can join a community to learn from one another, engage in authentic conversations, explore passions, research new hobbies, exchange goods and services, create new communities and experiences, share a few laughs, and find belonging. Reddit has thousands of communities, endless conversations, and authentic human connections. Communities on Reddit are organized based on specific interests and are called subreddits. Reddit offers real-time access to evolving and dynamic topics, such as sports, movies, news, fashion, and the latest trends. On Reddit, users can submit, vote, and comment on the topics they care about. It has approximately 100,000+ active communities and approximately 101+ million daily active visitors.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
30-Year-Old with $50K Income Struggles with 25% Credit Card Debt
- Heavy Debt Burden: A 30-year-old Reddit user earns $50,000 annually, with a take-home pay of about $37,000, yet carries approximately $28,000 in credit card debt at rates as high as 25%, leading to most payments going towards interest and increasing financial stress.
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Meta Stock Rises Nearly 7% on AI Strategy and Strong Earnings Report
- Earnings Beat: Meta reported fourth-quarter revenue and profit that exceeded Wall Street expectations, forecasting capital expenditures of $115 billion to $135 billion for 2026, a significant increase from $72.22 billion in 2025, indicating strong growth potential for the company.
- AI Strategy Acceleration: Zuckerberg stated that Meta is accelerating its AI initiatives, expecting 2026 to further drive new product development and company-wide efficiencies, reflecting the company's forward-looking approach to technological innovation.
- Enhanced Personalization: Meta plans to leverage AI to enhance content personalization and interactivity across Instagram, Facebook, and Threads, which is expected to attract more user engagement and improve advertising effectiveness, thereby solidifying its market position.
- Positive Market Reaction: Meta's stock rose 6.6% in after-hours trading, also lifting shares of peers like Alphabet, Pinterest, and Reddit by 1.6% to 2.6%, showcasing investor optimism regarding Meta's future developments.

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