Roth MKM Maintains Buy on Reddit, Raises Price Target to $61
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Rohit Kulkarni has maintained a Buy rating on Reddit (NYSE:RDDT) and increased the price target from $50 to $61.
May 08, 2024 | 4:14 pm
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POSITIVE IMPACT
Roth MKM has reaffirmed its Buy rating on Reddit and raised the price target from $50 to $61.
The upgrade in the price target by a reputable analyst like Rohit Kulkarni suggests a strong confidence in Reddit's future performance. This is likely to positively influence investor sentiment and potentially increase the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100