guys is it me or is RDDT very undervalued right now? i know we just had a crazy week but it seems like a good buy to me right now? Last time it was at this price was July and before that November 2024. it feels like its doing a last move down. I'll watch it for an hour or so but im curious as to what others think?
Posted by Fungaii
14 Comments
Negative. Earnings were good, but I think the narrative around Reddit is a bit concerning now. The whole clawbot thing is really cool but also makes me wonder about the long term value of Reddit as a source of training data, which is what I am personally most bullish on.
Here’s what we should do, we pick a date before next earnings wrap up, load up on calls, and everyone subscribes to Reddit premium. This is not something that analysts have/can forecast and it’s totally legal
As long as there are Reddit mods, Reddit will never be undervalued. Let alone the presence of bots. I like Reddit but it’s not a good investment.
Well im buying at these prices but prepared to average down until ive built out a position. I like buying things I find useful
Heavily undervalued, great earnings, insane margins, no debt, I mean it’s a no brainer, it’ll be 250$ by summer time. but then again the market is so irrational that wtf knows. IREN comes out with the shittest earning results and it’s flying, make it make sense.
Congrats! Youve been shared to /r/gamblingonshitstocks
Honestly I dont trust anyone who says something is undervalued or overvalued unless they explicitly show their math to calculate what the intrinsic value actually is. There’s far too many people who think undervalued = company good, overvalued = company bad, and this couldn’t be farther from the truth.
It is just you. It’s clearly forming a head and shoulders. My price target is $100.
I just picked up 100 shares today. Time to be in RDDT since I spend so much time here.
Explain to me like I’m five. Why do we think it’s undervalued when the pe ratio is 80
I was buying last week, this week, today, and I will continue catching this knife. Deep lacerations are nothin, nothin I say!
RDDT is trading at a P/E of 84.88 with an EPS of 2.17. The average P/E for social media companies is about 30. So it’s pretty tough to call it undervalued.
Just bought calls expiring in August
Reddit has been ruined over the last year.