5 New Reddit WallStreetBets Stocks On the Rise

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In this article, we discuss the 5 new Reddit WallStreetBets stocks on the rise. If you want to skip our detailed analysis of these stocks, go directly to the 10 New Reddit WallStreetBets Stocks On the Rise.

5. Pure Storage, Inc. (NYSE: PSTG)

Number of Hedge Fund Holders: 31   

Percentage Gain in Past Five Days: 23.68%   

Pure Storage, Inc. (NYSE: PSTG) is ranked fifth on our list of 10 new Reddit WallStreetBets stocks on the rise. The firm provides technology and data storage solutions and operates from California. 

On August 26, investment advisory Bank of America reiterated a Buy rating on Pure Storage, Inc. (NYSE: PSTG) stock and raised the price target to $28 from $26, noting that the firm had strong momentum in the subscription business. 

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Eminence Capital is a leading shareholder in Pure Storage, Inc. (NYSE: PSTG) with 7.8 million shares worth more than $152 million.  

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