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B.Riley Financial Sticks to Its Hold Rating for Redbox Entertainment (RDBX)

B.Riley Financial analyst Eric Wold maintained a Hold rating on Redbox Entertainment (RDBXResearch Report) today and set a price target of $3.00. The company’s shares closed last Friday at $2.68, close to its 52-week low of $1.61.

According to TipRanks.com, Wold is a 5-star analyst with an average return of 10.7% and a 44.6% success rate. Wold covers the Services sector, focusing on stocks such as Chicken Soup For The Soul Entertainment, National Cinemedia, and Cinemark Holdings.

Currently, the analyst consensus on Redbox Entertainment is a Hold with an average price target of $2.22, a -12.3% downside from current levels. In a report issued on May 11, Wedbush also downgraded the stock to Hold with a $0.65 price target.

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