Business
Why the Redbubble (ASX:RBL) share price is rocketing higher today
The Redbubble Ltd (ASX: RBL) share price has continued its incredible run in 2021.
After recording a gain of 388% in 2020, the ecommerce company’s shares are already up a further 20% this year to a record high of $6.63.
Why is the Redbubble share price on fire?
Investors have been fighting to get hold of the company’s shares this week despite there being no news out of it.
However, with the UK in lockdown and the US still reporting sky high COVID-19 cases, trading conditions are looking very favourable for Redbubble right now.
In addition to this, I have written previously about a bullish broker note out of Goldman Sachs from last year.
Goldman Sachs has a buy rating and $6.25 price target on its shares. At the close on New…
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