JP Morgan Maintains Neutral on Reddit, Raises Price Target to $77
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Doug Anmuth maintains a Neutral rating on Reddit (NYSE:RDDT) but raises the price target from $59 to $77.
October 07, 2024 | 5:55 pm
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JP Morgan has maintained a Neutral rating on Reddit but increased the price target from $59 to $77, indicating a positive outlook despite the neutral stance.
The increase in price target from $59 to $77 suggests that JP Morgan sees potential upside in Reddit's stock, which could lead to a positive short-term impact on the stock price. However, the Neutral rating indicates some caution, balancing the positive outlook.
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IMPORTANCE 80
RELEVANCE 100