Core Viewpoint - Reddit (NYSE: RDDT) is being initiated with a buy recommendation following a 46% pullback due to a miss in 4Q user growth despite beating EPS and revenue expectations [1] Summary by Relevant Sections - User Growth Performance - Reddit experienced a 39% year-over-year increase in global daily active uniques, but this was below expectations, leading to concerns about user growth [1] - Financial Performance - The company reported better-than-expected earnings per share (EPS) and revenue figures, indicating strong financial health despite the user growth miss [1] - Market Context - The analysis comes from a retired Wall Street portfolio manager with over two decades of experience in the technology, media, and telecommunications (TMT) sector, emphasizing a focus on momentum in investment strategies [1]
Why I'm Eyeing The 46% Discount - Initiating Reddit With A Buy