Business
3 reasons the Redbubble (ASX:RBL) share price is in the buy zone
The Redbubble Ltd (ASX: RBL) share price was a strong performer on Tuesday.
The ecommerce company’s shares ended the day 4% higher at $5.19.
This latest gain means the Redbubble share price is now up an impressive 31% over the last couple of weeks.
Can the Redbubble share price still go higher from here?
One leading broker that believes the Redbubble share price can still go even higher from here is Goldman Sachs.
At the end of last week, the broker reiterated its buy rating and $6.25 price target on the company’s shares.
Based on today’s share price, this price target implies potential upside of 20% over the next 12 months.
What did Goldman Sachs say about Redbubble?
Goldman reiterated its buy rating in response to Redbubble…
-
General12 hours agoMildura man given 28 years to pay $73,000 in unpaid fines and tolls
-
General15 hours agoAustralia’s race to rewire the country amid a global transmission boom is not unique
-
General20 hours agoPrincess Diana enters Paris waxwork museum in ‘revenge dress’
-
General14 hours agoGold Coast and Noosa councils scammed out of ratepayers’ money
