Citigroup Maintains Buy on Reddit, Raises Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ronald Josey maintains a Buy rating on Reddit and raises the price target from $70 to $120.
October 30, 2024 | 6:44 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Citigroup analyst Ronald Josey has maintained a Buy rating on Reddit and increased the price target from $70 to $120, indicating a positive outlook for the stock.
The increase in the price target from $70 to $120 by Citigroup suggests a strong positive outlook for Reddit's stock. The Buy rating indicates confidence in the company's future performance, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100