13 Best WallStreetBets Stocks to Invest In

7. Reddit, Inc. (NYSE:RDDT)

Number of Hedge Fund Holders: 74

Reddit, Inc. (NYSE:RDDT) is one of the Best WallStreetBets Stocks to Invest In. On September 18, Citizens JMP analyst Andrew Boone lifted the price target on the company’s stock to $300 from $225, while keeping an “Outperform” rating, as reported by The Fly. As per the analyst, the firm opines that Reddit, Inc. (NYSE:RDDT) has several catalysts through 2026, such as a feed redesign, integration of Answers in search, and ongoing monetization progress. Notably, the firm believes that top-line results can continue to outperform the estimates.

In Q2 2025, Reddit, Inc. (NYSE:RDDT)’s revenue increased 78% YoY to $500 million, its fastest quarterly growth rate since 2022. The company’s daily active users increased to 110 million, up 21% YoY, with growth in the US and international markets. This was helped primarily by the product improvements and increased marketing activity. Reddit, Inc. (NYSE:RDDT)’s advertising business rose by 84% YoY in Q2 2025, touching $465 million. The growth was helped by broad-based strength throughout the business, with the majority of its growth stemming from existing advertisers deepening their investments and retaining their share of spend.

Maple Tree Capital, an investment management company, released its Q1 2025 investor letter. Here is what the fund said:

“Reddit, Inc. (NYSE:RDDT) is Heartwood’s newest, and smallest, position. We anticipate growing this position in size over the coming quarters and years as the story parallels pretty closely to what we see in Grindr in the Jonagold portfolio. Reddit holds incredibly unique and structured user-generated data, which will be extremely valuable in the AI era. Additionally, their user base spends a ton of time on the app. It is far easier to monetize users if you have users! Reddit has spent decades acquiring a user base and is just at the beginning of their monetization journey. More people visit Reddit every day than they do Netflix. Their balance sheet is clean, but stock-based compensation and dilution are significant. We wrote a little more about Reddit here and expect to share more on our thesis shortly.”