Reddit Reaches Analyst Target Price
October 14, 2024 at 09:10 AM EDT
In recent trading, shares of Reddit Inc (RDDT) have crossed above the average analyst 12-month target price of $70.47, changing hands for $73.25/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..
