Jefferies Maintains Buy on Reddit, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst John Colantuoni maintains a Buy rating on Reddit (NYSE:RDDT) and raises the price target from $90 to $100.
October 22, 2024 | 1:46 pm
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Jefferies analyst John Colantuoni has reaffirmed a Buy rating for Reddit and increased the price target from $90 to $100, indicating confidence in the company's future performance.
The increase in the price target from $90 to $100 by Jefferies suggests 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 90
IMPORTANCE 80
RELEVANCE 100