We came across a bullish thesis on Reddit, Inc. on Outperforming the Market’s Substack by Simple Investing. In this article, we will summarize the bulls’ thesis on RDDT. Reddit, Inc.'s share was trading at $200.76 as of October 15th. RDDT’s trailing and forward P/E were 89.70 and 62.50 respectively according to Yahoo Finance.
Reddit is still in the early stages of monetizing its platform compared to giants like Meta Platforms and Alphabet, but recent trends suggest the company is poised for significant growth. Its return on ad spend is consistently higher than most...
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