Needham Maintains Buy on Reddit, Raises Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Laura Martin maintains a Buy rating on Reddit (NYSE:RDDT) and raises the price target from $55 to $63.
May 08, 2024 | 11:56 am
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Needham analyst Laura Martin maintains a Buy rating on Reddit and raises the price target from $55 to $63.
The increase in price target by a reputable analyst suggests a positive outlook on Reddit's stock, likely leading to increased investor confidence and potential short-term price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100