Reddit Plunge Looks Overdone After Q3 Beat - Tactical Long on Search Fear Overreaction
Reddit reported a clean Q3 beat with $895M revenue, 53% YoY growth and 44.9% adjusted EBITDA margin, yet the stock collapsed on fears of Google search referral declines. The fundamentals and valuation argue the selloff is excessive. This is a tactical long: enter at current levels, tight stop, target a reversion toward the $150 area over a multi-mo…