Needham Maintains Buy on Reddit, Raises Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Laura Martin maintains a Buy rating on Reddit and raises the price target from $85 to $120.
October 30, 2024 | 11:41 am
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Needham analyst Laura Martin has increased the price target for Reddit from $85 to $120, maintaining a Buy rating.
The increase in price target from $85 to $120 by a reputable analyst suggests a positive outlook for Reddit's stock. This is likely to boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100