10 Unstoppable Growth Stocks To Buy According to Reddit

2. Palantir Technologies Inc. (NASDAQ:PLTR)

Number of Hedge Funds: 43

6-month Performance as of January 27, 2025: 181.9%

Palantir Technologies Inc. (NASDAQ:PLTR) is a software company that ranks second on our list of the unstoppable growth stocks to buy now according to Reddit. The software company specializes in software platforms for big data analytics. Earlier in December 2024, the company expanded its Army Vantage partnership with a $618.9 million contract, improving the way missions are performed using data and AI.

On January 23, analyst firm, Wedbush raised its price target on the stock from $75 to $90, keeping an outperform rating on the stock. The analyst firm has a bullish thesis on PLTR due to its artificial intelligence strategy and believes the stock is on the path to becoming the next Oracle or Salesforce. The firm also suggested that the Street is underestimating the revenue Palantir Technologies Inc. (NASDAQ:PLTR) can drive from its artificial intelligence platform over the next few years. The stock remains one of the top picks for the firm in 2025 with high hopes attached to its game-changing AI strategy.

Overall, PLTR boasts a solid growth opportunity as it shifts its entire focus to the development of AI-supported solutions for businesses. This explains why 43 hedge funds held stakes in PLTR at the end of Q3 2024.