Loop Capital Maintains Buy on Reddit, Raises Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Loop Capital has maintained a Buy rating on Reddit and increased its price target from $90 to $120, indicating a positive outlook for the company's stock.
October 30, 2024 | 6:20 pm
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Loop Capital has maintained a Buy rating on Reddit and increased its price target from $90 to $120, suggesting confidence in Reddit's future performance.
The increase in the price target from $90 to $120 by Loop Capital indicates a strong positive sentiment towards Reddit's stock. This is likely to attract more investors and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100