Long RDDT
$RDDT get in before earnings
Reddit's 70% YoY revenue growth, 45% EBITDA margin, and 115% rule-of-40 score (compared to SaaS benchmark of 40%) indicate undervaluation. With ARPU expansion driving monetization runway internationally and AI licensing revenue (~$130M/yr) subject to renegotiation upside, the 32x EV/EBITDA multiple is reasonable on a growth-adjusted basis versus Meta. Author targets ~60% upside to $44B EV by 2027 assuming $4B revenue at 50% margins.
1d-7.7%
3d-8.1%
1w+5.5%
1m-3.8%
3m—
6m—
1y—