Morgan Stanley Maintains Equal-Weight on Reddit, Raises Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Brian Nowak maintains an Equal-Weight rating on Reddit (NYSE:RDDT) and raises the price target from $63 to $70.
July 23, 2024 | 5:23 pm
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Morgan Stanley analyst Brian Nowak maintains an Equal-Weight rating on Reddit and raises the price target from $63 to $70.
The raised price target from $63 to $70 by a reputable analyst at Morgan Stanley is likely to have a positive short-term impact on Reddit's stock price, as it reflects increased confidence in the company's valuation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100