Bernstein Initiates Coverage On Reddit with Underperform Rating, Announces Price Target of $40
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Mark Shmulik initiates coverage on Reddit (NYSE:RDDT) with an Underperform rating and a price target of $40.

April 04, 2024 | 8:52 am
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Bernstein initiated coverage on Reddit with an Underperform rating and a price target of $40.
The initiation of coverage by Bernstein with an Underperform rating suggests a bearish outlook on Reddit's stock. The price target of $40 could indicate that Bernstein believes the stock is currently overvalued, which may lead to a negative short-term impact on its price.
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IMPORTANCE 90
RELEVANCE 100