Unveiling 18 Analyst Insights On Reddit
Portfolio Pulse from Benzinga Insights
Analysts' ratings for Reddit (NYSE:RDDT) over the last quarter show a mix of bullish and bearish sentiments. The average 12-month price target has increased by 14.7% to $64.61. Recent analyst actions include several rating upgrades and price target increases.
July 22, 2024 | 9:01 pm
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Analysts' ratings for Reddit (NYSE:RDDT) show mixed sentiments with an average 12-month price target of $64.61, up 14.7% from the previous target. Recent upgrades and price target increases indicate a positive outlook.
The increase in the average 12-month price target by 14.7% and multiple rating upgrades suggest a positive short-term impact on Reddit's stock price. Analysts' actions reflect improved market sentiment and expectations for the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100