RDDT → $550.00 by Nov 17, 2026.

There are not many businesses that actually have a strong moat in their own category. Look at some of the companies the market is willing to value at huge premiums: |Company|Market Cap|Latest Q Revenue|YoY Growth|GAAP Net Margin|Competition| |:-|:-|:-|:-|:-|:-| ||||||| |**Cloudflare (NET)**|**$107B**|$696M|**+36%**|**-24%**|AWS, Akamai, Fastly| |**Roblox (RBLX)**|**$27B**|$1.5B|**+36%**|**-12%**|Fortnite (Epic), Minecraft| |**Spotify (SPOT)**|**$103B**|€4.78B|**+14%**|**+11%**|Apple Music, YouTube Music, Amazon Music| |**Unity (U)**|**$20B**|$546M|**+24%**|**-4%**|Unreal Engine (Epic), Applovin| |**Snowflake (SNOW)**|**$112B**|$1.39B|**+33%**|**-21%**|Databricks, AWS Redshift, Google BigQuery, MSFT Fabric| |**Reddit (RDDT)**|**$32B**|$805M|**+61%**|**+31%**|TikTok, Meta, Google Search/YouTube| Aug. 18, 2026. I'm not saying these are …