Jonah Lupton sees strong Q2 setup for Reddit

Jonah Lupton sees strong Q2 setup for Reddit
RDDT gains on strong Q2 outlook

Jonah Lupton, investor and market commentator, highlights that RDDT is up 4–5 percent in premarket trading following favorable commentary from Piper Sandler and Cleveland Research.

Lupton adds that alternative data sources paid for by his firm are showing strong Q2 numbers for RDDT, suggesting results may significantly exceed current sell-side estimates.

RDDT, which has a market capitalization of $25 billion, was recently rumored to be considering an exclusive $1 billion data licensing deal, according to a previous article. Jonah Lupton has also listed RDDT among his recent stock picks alongside CRDO and ALAB, while describing MRVL as a strong performer with a $260 billion valuation in a separate report. These mentions highlight ongoing interest in RDDT among market commentators.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
Weekly Top Bonuses
up to $2,500
deposit bonus for all clients
CLAIM BONUS
Your capital is at risk.