Forecasting The Future: 21 Analyst Projections For Reddit
Portfolio Pulse from Benzinga Insights
Over the past three months, 21 analysts have evaluated Reddit (NYSE:RDDT), showing a range of opinions from bullish to bearish. The average 12-month price target has increased by 8.78% to $72.62. Reddit has shown strong revenue growth and financial performance, with a notable net margin and return on equity.
October 09, 2024 | 1:00 pm
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POSITIVE IMPACT
Reddit (NYSE:RDDT) has received diverse analyst ratings, with a notable increase in the average 12-month price target to $72.62, reflecting positive sentiment. The company shows strong revenue growth and financial performance.
The increase in the average price target and positive analyst ratings suggest a bullish sentiment towards Reddit. The company's strong revenue growth and financial metrics further support a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100