Two expensive-looking stocks that may actually be cheap

=== SUMMARY === - Author argues AppLovin (APP) and Reddit (RDDT) appear expensive but are cheap given 59% and 69% YoY revenue growth, respectively, and both are profitable with operating leverage. - Thesis: at ~30x 2026 earnings and ~23x 2027 earnings, these high-growth names offer attractive risk/reward for small positions despite platform and user experience risks. - Quality assessment: reasonable speculation with concrete financial data, but lacks deep competitive or moat analysis; not a comprehensive deep-dive. === SENTIMENT === BULLISH === TRADE IDEAS === APP - LONG | confidence: 0.90 | sentiment: +0.70 Speaker: u/ekonixlab Thesis: 1. THE FACT: AppLovin grew revenue 59% YoY, is profitable, and trades at ~30x 2026E / 23x 2027E earnings. 2. THE BRIDGE: High growth combined with operating leverage makes the forward multiple look reasonable, especially if growth persists. 3. THE VERDICT: Long AppLovin as a growth-at-a-reasonable-price play in digital advertising. 4. RISKS: Apple/Google platform changes could disrupt ad targeting; competition from larger ad platforms. Timeframe: medium-term Key Points: - Revenue up 59% YoY, profitable - Forward PE ~30x (2026) / 23x (2027) - Platform risk from Apple/Google - Early monetization story - Small position recommended RDDT - LONG | confidence: 0.90 | sentiment: +0.70 Speaker: u/ekonixlab Thesis: 1. THE FACT: Reddit grew revenue 69% YoY, profitable, and trades at similar forward multiples (~30x 2026E / 23x 2027E). 2. THE BRIDGE: Reddit is still early in ad monetization; operating leverage should expand as user base scales. 3. THE VERDICT: Long Reddit as an under-monetized social media platform with accelerating revenue. 4. RISKS: Ad scaling may degrade user experience; competition from TikTok, Meta, etc. Timeframe: medium-term Key Points: - Revenue up 69% YoY, profitable - Forward PE ~30x (2026) / 23x (2027) - Ad scaling risk vs user experience - Early monetization stage - Small position advised