Bullish
Reddit's stock (RDDT) rises 1.1% to $144.71 amid analyst optimism
In the past 24 hours, Reddit's stock (RDDT) experienced a modest increase of 1.1%, closing at $144.71. Analysts maintain a 'Moderate Buy' rating with an average price target of $219.29, indicating potential upside. Additionally, Envestnet Asset Management reduced its stake in Reddit by 16.5% during the second quarter, selling 29,909 shares.
Key points
- Analysts uphold a 'Moderate Buy' rating for Reddit, with an average price target of $219.29.
- Envestnet Asset Management decreased its Reddit holdings by 16.5% in Q2, selling 29,909 shares.
- Reddit's stock rose 1.1% to $144.71, closing at $144.71.
Sources
AI-generated from public news sources. Not financial advice.
