RSTN - Goldman Small Cap Research Publishes New Research Report on RDE Inc.

BALTIMORE, MD / ACCESSWIRE / January 19, 2021 / Goldman Small Cap Research, a stock market research firm specializing in the small cap and microcap sectors, announced today that it has published a new research report on RDE, Inc. (OTCQB:RSTN). The Company is a pioneer in the restaurant deal space and the nation's largest, and highest profile restaurant-focused digital deals brand . This report carries a price target. To view the new research report, along with disclosures and disclaimers, or to download it in its entirety, please visit Site.

Founded in 1999, the Company owns the most identifiable brand in the restaurant-focused digital deals industry and stands to emerge as one of the greatest beneficiaries of the expected economic recovery this year. RDE's http://www.Restaurant.com, Specials by Restaurant.com and the Corporate Incentives division connect digital consumers, businesses and communities offering thousands of dining, retail, and entertainment deal options nationwide. The Company's reach is huge, with 7.8 million customers and offering dining and merchant deal options at over 184,000 restaurants and retailers.

In the Opportunity Research report, analyst Rob Goldman discusses how the catalysts behind the high revenue growth rates are poised to favorably impact this undervalued and underfollowed company during 2021 and beyond.

Goldman commented, "With roots all the way back to 1999, and millions of customers, RSTN has considerable brand recognition. Obviously the COVID-19 pandemic has hurt restaurants more than nearly any other industry. However, the case can be made that no other firm stands to benefit more from a return to normalcy in 2021 and beyond than RSTN. Moreover, we believe no other firm can favorably impact restaurants, B2B partners, and consumers collectively and individually."

"RSTN is well known as a B2C player but the Company is also a key marketing campaign provider in the B2B space," noted Goldman. "RDE works with B2B partners from SMBs up to Fortune 500 companies, including Florida Power & Light, Mercedes Benz and T-Mobile. Given its broad reach across industries, RSTN could serve as a leading indicator in the consumer economic recovery and is a low-priced, high value, pure play on the restaurant and daily deal segments."

"Against this backdrop, we believe that RSTN is set to generate substantial revenue growth that far outpaces its peers. We forecast revenue could grow from an estimated $3.6M in 2020 to $14.2M in 2022, averaging a 100% CAGR, with EPS of $0.17 in 2022.

Despite this growth rate, RSTN trades 2.8x FY21E revenue, a 57% discount to the 6.6x multiple assigned to its peer group. Looking ahead, we believe these shares can enjoy enviable gains and trade at 7x next year's revenue, thus reaching our 6 month price target," concluded Goldman.

About Goldman Small Cap Research: Founded in 2009 by former Piper Jaffray analyst and mutual fund manager Rob Goldman, Goldman Small Cap Research produces sponsored and non-sponsored small cap and microcap stock research reports, articles, stock market blogs, and popular investment newsletters.

Goldman Small Cap Research is not in any way affiliated with Goldman Sachs & Co.

This press release contains excerpts of our most recently published company report on RDE, Inc. The information used and statements of fact made have been obtained from sources considered reliable but we neither guarantee nor represent the completeness or accuracy. Goldman Small Cap Research relied solely upon information derived from RDE, Inc. ("the Company"). The information includes authorized press releases or legal disclosures made in their filings with the U.S. Securities and Exchange Commission http://www.sec.gov.

Separate from the factual content of our report about the Company, we may from time to time include our own opinions about the Company, its business, markets, and opportunities. Any opinions we may offer about the Company are solely our own, and are made in reliance upon our rights under the First Amendment to the U.S. Constitution, and are provided solely for the general opinionated discussion of our readers. Our opinions should not be considered to be complete, precise, accurate, or current investment advice. Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results.

A Goldman Small Cap Research report, update, newsletter, article, trading alert, corporate profile, sector or industry snapshot, podcast interview, or press release is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed and is to be used for informational purposes only. Please read all associated full disclosures, disclaimers, and analyst background on our website before investing. Neither Goldman Small Cap Research nor its parent is a registered investment adviser or broker-dealer with FINRA or any other regulatory agency. A Speculative Buy rating for our covered companies is defined as a company that we believe exhibits the potential to generate outsized returns despite inherent, above-average business, market, or financial risk. To download this research report or any of our research, view our disclosures and disclaimers, or for more information, visit www.goldmanresearch.com. Goldman Small Cap Research was compensated $4000 by the Company for the production and distribution of a research report and associated press releases and distribution.

CONTACT:

Goldman Small Cap Research
Rob Goldman, Analyst
410-609-7100
rob@goldmanresearch.com

SOURCE: Goldman Small Cap Research