JP Morgan Maintains Neutral on Reddit, Lowers Price Target to $59
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Doug Anmuth maintains a Neutral rating on Reddit (NYSE:RDDT) but lowers the price target from $67 to $59.
August 07, 2024 | 6:17 pm
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JP Morgan analyst Doug Anmuth maintains a Neutral rating on Reddit but lowers the price target from $67 to $59.
The lowered price target from $67 to $59 by JP Morgan suggests a less optimistic outlook for Reddit's stock performance, which could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100