11 Best Performing NASDAQ Stocks So Far in 2025

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9. ThredUp Inc. (NASDAQ:TDUP)

Number of Hedge Fund Holders: 11

Average Upside Potential as of March 31: 78.81%

ThredUp Inc. (NASDAQ:TDUP) operates an online resale platform in the US. Its platform mainly enables consumers to buy and sell secondhand apparel, shoes, and accessories. It uses AI to enhance customer experience and drive conversion. Since the outset of AI search functionality, 1.3 million image searches have been performed as of Q4 2024.

Image searches at ThredUp Inc. (NASDAQ:TDUP) have an 85% higher conversion rate. The company is integrating AI into its infrastructure. 360-degree high-definition photos are increasing 30-day sell-through rates by up to 12%, which varies with different product categories. Automated digital measurements at the company also enhance conversion, lower returns, and increase customer retention.

In Q4, the company’s new customer volume rose by 32% year-over-year. For the upcoming quarters, the company is positive in its ability to grow new buyers and still be able to achieve its free cash flow targets. The company’s fresh listings, which are items that are under 14 days old, are up 9% year-over-year and continue to improve due to ThredUp Inc.’s (NASDAQ:TDUP) processing capacity to meet the needs of its growing buyer base.

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