JMP Securities Initiates Coverage On Reddit with Market Outperform Rating, Announces Price Target of $53
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Andrew Boone initiates coverage on Reddit (NYSE:RDDT) with a Market Outperform rating and a price target of $53.
April 15, 2024 | 9:39 am
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JMP Securities initiated coverage on Reddit with a Market Outperform rating and a price target of $53.
The initiation of coverage by JMP Securities with a Market Outperform rating and a price target of $53 suggests a bullish outlook for Reddit's stock. This positive analyst rating can lead to increased investor interest and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100