Citigroup Cuts Price Targets on Stryker and Reddit Shares
Citigroup cut its Stryker price target to $315 from $360 and its Reddit target to $186 from $245, according to Dow Jones Newswires citing Benzinga.
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what happened
Citigroup has reduced its price target on Stryker shares to $315 per share from $360. For Reddit, the bank lowered its target to $186 from $245 while keeping a Buy rating. The information comes from Dow Jones Newswires, which cites Benzinga.
why it matters
Target revisions like these are a routine part of analyst coverage and rarely move the broader market on their own. The notices give no reasons for the cuts, so they show only the bank's updated valuation view rather than where the shares will go. Investors usually weigh such decisions alongside company results and the wider news backdrop.
tags
instruments
sources
- Stryker Price Target Cut to $315.00/Share From $360.00 by Citigroup — Dow Jones Newswires, 30 October 2026 at 20:50 UTC
- Reddit Price Target Cut to $186.00/Share From $245.00 by Citigroup — Dow Jones Newswires, 30 October 2026 at 21:02 UTC
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