Piper Sandler Maintains Overweight on Reddit, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Thomas Champion has maintained an Overweight rating on Reddit (NYSE:RDDT) and increased the price target from $50 to $65.
May 08, 2024 | 11:17 am
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POSITIVE IMPACT
Piper Sandler maintains an Overweight rating on Reddit and raises the price target from $50 to $65.
The increase in price target by a reputable analyst like Thomas Champion suggests a strong bullish outlook on Reddit's stock, likely leading to positive investor sentiment and a potential increase in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100