3 reasons the Redbubble (ASX:RBL) share price is in the buy zone

Published

5 years ago

November 24, 2020

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.

Goldman reiterated its buy rating in response to Redbubble…

Related Topics:fool.com.au

Australian credit card holders are choosing to cash in airline points for grocery vouchers – PerthNow

Elon Musk is now the world’s second richest person

Reubhan Ralph identified as man behind terrifying childcare centre incident in Peregian Springs on the Sunshine Coast

Police say new leads being pursued after baby’s body found in Alexander Heights stormwater drain

Inquest into Rosemarie Campbell’s death three days after gastric bypass surgery hears of ‘massive loss’ to family

Queensland announced as 2027 Women’s Softball World Cup host in first Australian event since 1965