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American Focus > Blog > Economy > Is Reddit, Inc. (RDDT) the Best New Stock to Buy According to Billionaires?
Economy

Is Reddit, Inc. (RDDT) the Best New Stock to Buy According to Billionaires?

Last updated: April 28, 2025 10:20 pm
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Is Reddit, Inc. (RDDT) the Best New Stock to Buy According to Billionaires?
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Reddit, Inc. (NYSE:RDDT) has been making waves in the stock market as one of the best new stocks to buy according to billionaires. With a market capitalization of $20.306 billion and 87 hedge fund holders, Reddit, Inc. has caught the attention of 15 billionaires who have a total value of holdings worth $2,946,216,230. This international social platform operates on user-driven communities, attracting over 100 million daily active users across more than 100,000 active communities.

In the fiscal fourth quarter of 2024, Reddit, Inc. reported impressive growth in revenue, with a 71% year-over-year increase to $427.7 million. The company’s advertisement revenue also saw a significant boost, growing by 60% to $394.5 million. To enhance its global reach, Reddit, Inc. introduced a machine translation feature that can translate content into 8 languages, as well as an AI-powered Reddit Answers beta version to improve user experience.

Analysts have been bullish on Reddit, Inc., with Truist Financial maintaining a Buy rating on the stock. Munro Global Growth Small & Mid Cap Fund also expressed confidence in the company’s performance, citing strong revenue growth and expanding operating margins. As the platform continues to navigate challenges related to misinformation and AI-generated content, Reddit’s unique position as a platform hosting a vast volume of global conversations is seen as increasingly valuable.

Ranked second on the list of best new stocks to buy according to billionaires, Reddit, Inc. shows promise for growth. While the company’s potential is recognized, there is a greater conviction in the potential of AI stocks to deliver higher returns in a shorter time frame. Investors looking for a promising AI stock trading at less than 5 times its earnings can explore opportunities beyond RDDT.

See also  Solventum Corporation (SOLV) Stock Forecasts

In a market characterized by uncertainty and fluctuations, it is essential for investors to consider companies with strong fundamentals, agility, and adaptability to navigate the challenges. As IPO activity remains steady globally, the impact of geopolitical shifts, tariff policies, and disruptive technology trends play a significant role in shaping the investment landscape. With the potential for growth and innovation, Reddit, Inc. stands as a compelling choice for investors seeking opportunities in the evolving market.

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