B. Riley Securities Maintains Buy on Reddit, Raises Price Target to $87
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has maintained a Buy rating on Reddit and raised its price target from $75 to $87, indicating confidence in the company's future performance.
October 21, 2024 | 5:28 pm
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B. Riley Securities has increased its price target for Reddit from $75 to $87, maintaining a Buy rating. This suggests a positive outlook on Reddit's stock performance.
The increase in price target from $75 to $87 by B. Riley Securities, along with the maintained Buy rating, indicates a strong positive sentiment towards Reddit's stock. This is likely to boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100