Reddit, a relatively new public company, has rewarded investors handsomely since its IPO less than a year ago, with the stock up more than 215%. Founded nearly 20 years ago, Reddit hosts one of the most popular series of message boards and is one of the most widely visited websites on the internet. In its most recent quarter, which ended Sept.
30, Reddit reported more than 97 million daily active users (DAUs), representing 47% year-over-year growth. The company also posted an all-time high revenue of $348 million, up 68% from a year earlier, along with a modest profit of $29 million. Reddit’s ability to micro-target ads to specific affinity groups has made it a favorite among advertisers.
Given its significant growth potential, Reddit is a no-brainer choice for growth-seeking investors. Tesla’s stock has also seen a resurgence, soaring by more than 80% in just the last three months after three years of more or less sideways movement.
Top choices for 2025 investments
The electric vehicle (EV) maker’s close relationship with influential figures, including recent appearances alongside prominent political leaders, could be pivotal as the company seeks regulatory approvals necessary for rolling out full self-driving capabilities. Tesla’s financials have improved as well. In its most recent quarter, which ended Sept.
30, the company’s gross margin increased to around 20%, marking the second consecutive quarter of improving profitability. As investors look toward 2025, Tesla appears well-positioned to capitalize on a favorable regulatory environment. If the company successfully rolls out a significant update to its full self-driving software, 2025 could be the year Tesla investors have been eagerly anticipating.
Moreover, Tesla’s ambitious long-term plans suggest significant future growth potential. In conclusion, both Reddit and Tesla present compelling opportunities for investors heading into 2025. With their strong growth prospects and solid financial performance, these stocks are well worth considering for those looking to invest in the technology sector.
