Bernstein Maintains Underperform on Reddit, Raises Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Mark Shmulik maintains an Underperform rating on Reddit (NYSE:RDDT) but raises the price target from $65 to $85.
October 30, 2024 | 7:06 pm
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Bernstein analyst Mark Shmulik maintains an Underperform rating on Reddit but raises the price target from $65 to $85.
The Underperform rating suggests a negative outlook, but the raised price target indicates some positive expectations. This mixed signal may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100