Reddit reported 254% (3.5x) and 445% (5.5x) earnings growth in its past 2 reports.
I project 488% (5.9x) earnings growth in the upcoming report. My estimates are conservative: daily active user (DAU) growth in the high teens and revenue growth slowing to 50% over the next year.
RDDT's price could reach $420 by next April without being overvalued (P/E 56).
Full investment thesis is in my March 29 post.
https://i.redd.it/grnr0mze74xg1.png
Posted by tomato232
1 Comment
Extrapolate it further, imagine what could be the price when you will have all the world population as reddit users! No, even better, in a few years after that Reddit will have several times more users than the world population! Buy now while its cheap!