13 Most Profitable Growth Stocks to Buy Right Now

10. Reddit, Inc. (NYSE:RDDT)

On March 5, Bernstein analyst Mark Shmulik maintained his Hold rating and a $190 price target on Reddit Inc. (NYSE:RDDT). Prior to that, on February 19, RBC Capital analyst Brad Erickson maintained his Hold rating on RDDT with a price target of $250. The firm’s price target implies an additional 74% upside from the current levels. This upside is equal to the median of Wall Street analysts’ upside estimates, based on 33 analysts’ estimates.

Moreover, on February 19, Reddit, Inc. (NYSE:RDDT) announced that it had begun testing a new AI-driven search feature with a limited group of users across the United States. The update aims to enhance the shopping experience by offering product recommendations directly within search results.

During the test phase, users searching for household electronics will see a product carousel at the bottom of the results page. The carousel will feature pricing information, images, and direct links showing where the products can be purchased. The feature is currently being rolled out on a trial basis to select U.S.-based Reddit users who search for shopping-related electronic products.

The company commented:

This feature surfaces top-recommended products directly from discussions, giving Redditors instant information about any product.

Founded in 2005, Reddit, Inc. (NYSE:RDDT) operates a digital community across the United States and globally. Its platform allows users to research new hobbies, engage in conversations, create new communities & experiences, explore passions, exchange goods & services, find belongings, and share laughs.