Needham maintains buy rating on Reddit with $300 price target
RDDT Reddit Inc
$159.91 +2.20%
View chart & analysis → - 1Reddit shares have fallen 40% since January.
- 2Needham's $300 price target represents 92% upside from the October 8 closing price.
- 3Reddit's forward P/E ratio of 18.3x as of October 8 is near a one-year low.
So what's the key point?
Reddit's stock price has dropped significantly since the beginning of the year. Experts believe the stock will rise further and have set a price target of $300.
Source TIKR · View original ↗
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