Reddit: Why I'm Bullish On The Multi-Year Setup Here

Reddit remains a strong buy despite a 14% decline since my last coverage and underperformance versus the benchmark. RDDT has consistently beaten analyst estimates and accelerated revenue growth, posting a 69% top-line expansion last quarter. EPS surged over 7x year-over-year, from $0.13 to $1.01, reinforcing confidence in management and operational momentum. While RDDT trades at a 24x forward P/E, I view the premium as justified by robust fundamentals and sustained long-term growth prospects.

Sure enough, my bullish view on Reddit ( RDDT ) hasn't played out the way I anticipated it would so far. But am I worried? No, not really. RDDT has dropped by 14% since my previous coverage