Needham Maintains Buy on Reddit, Raises Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Laura Martin maintains a Buy rating on Reddit (NYSE:RDDT) and raises the price target from $63 to $75.
June 18, 2024 | 1:22 pm
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Needham analyst Laura Martin maintains a Buy rating on Reddit and raises the price target from $63 to $75.
The raised price target from $63 to $75 by a reputable analyst is likely to positively impact Reddit's stock price in the short term as it reflects increased confidence in the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100