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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.