B. Riley Securities Reiterates Buy on Reddit, Raises Price Target to $112
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has reiterated a Buy rating on Reddit and raised its price target from $87 to $112.
October 30, 2024 | 4:57 pm
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B. Riley Securities has reiterated its Buy rating on Reddit and increased the price target from $87 to $112, indicating confidence in Reddit's growth potential.
The reiteration of a Buy rating and an increased price target from 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 90
IMPORTANCE 80
RELEVANCE 100