RDDT Crosses Above Average Analyst Target
May 08, 2024 at 07:17 AM EDT
In recent trading, shares of Reddit Inc (RDDT) have crossed above the average analyst 12-month target price of $48.93, changing hands for $49.40/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..