5 Trending Technology Stocks on Reddit

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In this article, we discuss the 5 trending technology stocks on Reddit. If you want to read our detailed analysis of these stocks, go directly to the 10 Trending Technology Stocks on Reddit.

At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, lithium mining is one of the fastest growing industries right now, so we are checking out stock pitches like this emerging lithium stock. We go through lists like the 10 best hydrogen fuel cell stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Keeping this in mind, let’s now take a look at the trending stocks on Reddit:

5. Fastly, Inc. (NYSE: FSLY)

Number of Hedge Fund Holders: 24

Fastly, Inc. (NYSE: FSLY) is ranked fifth on our list of 10 trending technology stocks on Reddit. The firm is in the internet service and infrastructure business and is headquartered in California. 

On August 9, investment advisory Raymond James reinstated coverage of Fastly, Inc. (NYSE: FSLY) stock with a Market Perform rating. Frank Louthan, an analyst at the advisory, issued the ratings update. 

At the end of the second quarter of 2021, 24 hedge funds in the database of Insider Monkey held stakes worth $1.1 billion in Fastly, Inc. (NYSE: FSLY), down from 26 in the preceding quarter worth $1.3 billion. 

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