Reddit reported 254% (3.5x) and 445% (5.5x) earnings growth in its past 2 reports.
I [project](https://docs.google.com/spreadsheets/d/1BuC_B3vjgSDHMlVAx5CJqCWeXtE_oDZb2D8QYmn4LyQ) 498% (6x) earnings growth in the upcoming report. My estimates are conservative: daily active user (DAU) growth in the high teens and revenue growth slowing to 50% over the next year.
RDDT's price could reach $420 by next April without being overvalued (P/E 56 with a forward 12-month earnings growth of 62%).
Full investment thesis is in my March 29 post.
