Goldman Sachs Maintains Neutral on Reddit, Raises Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Eric Sheridan has maintained a Neutral rating on Reddit (NYSE:RDDT) and increased the price target from $40 to $55.
May 09, 2024 | 12:57 pm
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POSITIVE IMPACT
Goldman Sachs maintains a Neutral stance on Reddit but raises the price target from $40 to $55.
The increase in price target by Goldman Sachs suggests a positive outlook on Reddit's valuation, potentially leading to increased investor interest and a positive short-term price movement.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90