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Analysts Think Redbox (RDBX) Stock Is a Buy as Shares Squeeze Higher

Redbox (NASDAQ:RDBX) stock is a hot topic among investors as a continued short squeeze sends shares higher this week. But what do analysts have to say about the company?

The Redbox logo representing RDBX stock.

Source: ZikG / Shutterstock.com

The movie rental company has seen several rating and price target changes over the last few weeks. Currently, there are four analysts covering the stock. Let’s see what they have to say about it below!

Is RDBX Stock a Buy?

  • Wedbush analyst Alicia Reese starts us off with a reiterated “outperform” rating. She also holds a $3 price target for the shares, which is a drop from her previous $5 price prediction.
  • BTIG analyst Marvin Fong is next with a downgraded “neutral” rating from his former “buy.” The analyst doesn’t include a price prediction for RDBX shares in his coverage.
  • Canaccord analyst Austin Moldow joins our coverage with a “buy” rating for RDBX stock. That’s accompanied by a lowered $3 price target, as compared to the firm’s previous $16 price target.
  • B. Riley Financial analyst Eric Wold closes out our coverage of Redbox today with a reiterated “buy” rating for the shares. In addition to that, he has a price prediction of $10 per share for RDBX stock.

So how’s RDBX stock doing today? Shares are experiencing heavy trading with some 37 million units on the move. For comparison, the company’s daily average trading volume is about 8.6 million shares.

RDBX stock is up 4.8% as of Wednesday afternoon.

There’s more stock market news for traders to sink their teeth into below!

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On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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