JMP Securities Maintains Market Outperform on Reddit, Raises Price Target to $84
Portfolio Pulse from Benzinga Newsdesk
JMP Securities has maintained a Market Outperform rating on Reddit (NYSE:RDDT) and raised the price target from $70 to $84, according to analyst Andrew Boone.
July 16, 2024 | 3:13 pm
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JMP Securities has maintained a Market Outperform rating on Reddit and raised the price target from $70 to $84, indicating a positive outlook for the stock.
The raised price target from $70 to $84 by JMP Securities suggests increased confidence in Reddit's future performance. This is likely to positively impact the stock price in the short term as investors react to the upgraded target and maintained positive rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100