Billionaire Ken Griffin’s 10 Midcap Stock Picks with Huge Upside Potential

5. Reddit, Inc. (NYSE:RDDT)

Stock Upside Potential:  37.05%

Citadel Investment Group’s Stake: $650,409,480

Reddit, Inc. is a digital community operator. Its platform allows users to research new hobbies, engage in conversations, exchange goods and services, explore passions, share laughs, create new communities and experiences, and find belonging.

Analysts at research firm Oppenheimer started coverage on the company with an Outperform rating and assigned it a price target of $125. The research firm expects Reddit to utilize its user data for impactful ad products. Oppenheimer believes that RDDT targeted advertisement capabilities and strong user data will boost revenue growth and advertiser demand.

Oppenheimer noted:

User interactions give Reddit very specific signals about user interests, presenting a very compelling advertising opportunity. While early, we believe Reddit will be able to launch products for advertisers to target relevant communities at very high ROIs,

For Q2 2025, the company expects revenue between $410 million and $430 million, indicating year-over-year growth between 46% and 53%. Adjusted EBITDA is anticipated to be in the range of $110 million to $130 million. It expects a substantial adjusted EBITDA growth of over 230% year-over-year. Management highlighted product improvements, performance optimization, and international growth as major drivers of growth in the future.