11 Reddit Stocks with Biggest Upside Potential

6. 23andMe Holding Co. (NASDAQ:ME)

Average Upside Potential as of November 11: 85.02%

23andMe Holding Co. (NASDAQ:ME) provides genetic testing services to help people understand their ancestry, health risks, and medication responses. Its CLIA-certified lab extracts DNA from cells in saliva samples, then the lab processes the DNA on a genotyping chip that reads hundreds of thousands of locations in the genome. This genetic data is analyzed to generate personalized reports based on well-established scientific and medical research.

A very recent development at the company includes a significant restructuring, involving a 40% reduction in its workforce. This decision aims to streamline operations and reduce costs. The company will incur up to $12 million in restructuring costs but expects to realize annualized savings of over $35 million. As part of this restructuring, it will also cease its therapeutics development efforts and explore strategic options for these assets, including licensing agreements, asset sales, or other transactions.

Despite these challenges, it remains focused on its core consumer business and research partnerships. The company plans to prioritize recurring revenue through its subscription business to drive future growth. However, for FQ2 2025 revenue decreased by ~12% year-over-year to $44 million, primarily due to lower consumer and research services revenue.

In FQ2 2025, it launched the first AI chatbot available to 23andMe customers, “DaNA,” to highlight key health and other important results for customers, making actionable insights easier to identify. 23andMe Holding Co. (NASDAQ:ME) remains committed to its core mission of empowering individuals through genetics.