Positive
Seeking Alpha
1 month ago
Here's Why I Will Take Nextdoor Over Reddit Even After Huge Price Surge
Nextdoor (NXDR) is rated a Buy for patient investors seeking high-risk, high-reward upside, especially on a potential pullback below $2.50. NXDR offers unique value as a hyperlocalized, high-quality data platform, well-positioned for AI-driven opportunities and relatively insulated from bots and fake identities. Compared to Reddit (RDDT), NXDR trades at a much lower Price/Sales ratio (4.20 vs. 22.48), despite slower growth and negative margins, highlighting substantial valuation upside.