Needham Reiterates Buy on Reddit, Maintains $63 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Laura Martin reiterates a Buy rating on Reddit (NYSE:RDDT) and maintains a $63 price target.
May 17, 2024 | 11:10 am
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POSITIVE IMPACT
Needham analyst Laura Martin has reiterated a Buy rating on Reddit and maintained a $63 price target, indicating continued confidence in the company's growth prospects.
The reiteration of a Buy rating and the maintenance of a $63 price target by a reputable analyst suggests strong confidence in Reddit's future performance, likely leading to positive short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100