Bernstein Maintains Underperform on Reddit, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Mark Shmulik maintains an Underperform rating on Reddit (NYSE:RDDT) but raises the price target from $45 to $50.
July 22, 2024 | 6:57 pm
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Bernstein analyst Mark Shmulik maintains an Underperform rating on Reddit but raises the price target from $45 to $50.
The Underperform rating suggests a negative outlook, but the raised price target indicates some positive expectations. The net impact is likely neutral in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100