Added to YB: 2026-02-26
Pitch date: 2026-02-25
RDDT [bullish]
Reddit, Inc.
+1.12%
current return
Author Info
Under the Hood is a private investor (ex-NYSE, Bridgewater, Alliance Bernstein) writing about stocks. Sign up for their newsletter.
Company Info
Reddit, Inc. operates a digital community in the United States and internationally. The company’s platform enables user to engage in conversations, explore passions, research new hobbies, exchange goods and services, create new communities and experiences, share laughs, and find belonging.
Market Cap
$28.9B
Pitch Price
$148.38
Price Target
290.00 (+93%)
Dividend
N/A
EV/EBITDA
40.29
P/E
42.92
EV/Sales
10.57
Sector
Interactive Media and Services
Category
growth
Reddit: One-of-a-kind Powerhouse Supercharged by Google
RDDT: DAU doubled to 120M (30%+ YoY 6 qtrs), ARPU +40-60% YoY in 2025, rev $2.2B (+60-70% 2-yr), 25% net margin (35% Q4). Growth from Google algorithm favoring forums + int'l expansion (30 languages). 50% traffic from Google = key risk if algo shifts. Model: 2030 net income $2.7B, 20x P/E = $290/share target, 15% IRR at $142 today.
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