Raymond James Maintains Strong Buy on Reddit, Raises Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Josh Beck has maintained a Strong Buy rating on Reddit (NYSE:RDDT) and increased the price target from $70 to $80.
October 10, 2024 | 12:52 pm
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Raymond James has increased its price target for Reddit from $70 to $80, maintaining a Strong Buy rating. This suggests confidence in Reddit's growth potential and could positively influence investor sentiment.
The increase in price target from $70 to $80 by Raymond James, along with a maintained Strong Buy rating, indicates a positive outlook on Reddit's future performance. This is likely to boost investor confidence and could lead to a short-term increase in Reddit's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100