Loop Capital Maintains Buy on Reddit, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Loop Capital analyst Alan Gould maintains a Buy rating on Reddit (NYSE:RDDT) and raises the price target from $80 to $90.
October 25, 2024 | 6:05 pm
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Loop Capital has reaffirmed its Buy rating on Reddit and increased the price target from $80 to $90, indicating a positive outlook.
The increase in price target from $80 to $90 by Loop Capital suggests a positive outlook for Reddit's stock, likely leading to a short-term price increase. The reaffirmation of the Buy rating further supports this positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100