Piper Sandler Reiterates Overweight on Reddit, Raises Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Thomas Champion has reiterated an Overweight rating on Reddit (NYSE:RDDT) and increased the price target from $70 to $115.
October 30, 2024 | 4:19 pm
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Piper Sandler has reiterated an Overweight rating on Reddit and increased the price target from $70 to $115, indicating strong confidence in the company's future performance.
The reiteration of an Overweight rating and a significant increase in the price target from $70 to $115 by Piper Sandler suggests a positive outlook for Reddit's stock. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100