Stocks like TSLA and PLTR are wildly overvalued, and with TSLA, it’s been like that for many years.
The data shows it’s because of retail investor interest.
RDDT will probably be the grand-daddy of retail interest over the following years as it’s the hub where so much of the discussion takes place.
Most have a love-hate relationship with this place and will hate-fuck the stock to new highs repeatedly.
Analysts will follow with ludicrous inflated price targets as price breeds narrative, and this virtuous cycle will feed on itself.
Disclosure: I currently hold 5,000 shares of RDDT and will be adding more shortly.