13 Best Aggressive Growth Stocks to Buy Now

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6. Reddit, Inc. (NYSE:RDDT)

Year-Over-Year Revenue Growth: 61.71%

Number of Hedge Fund Holders: 87

Reddit, Inc. (NYSE:RDDT) operates as a social media platform that allows registered users to submit content to the site. This content can be in the form of links, text posts, images, and videos, which are then upvoted or downvoted by other users based on their usefulness and popularity. The company’s website ranks among the most visited websites in the world. Reddit, Inc. (NYSE:RDDT) ranks among the best aggressive growth stocks to invest in.

The company delivered impressive Q4 2024 results. Reddit, Inc. (NYSE:RDDT) reported that total revenue increased 71% year-over-year to reach $427.7 million. Ad revenue increased 60% to support this impressive growth. The company ended 2024 with more than 100 million daily active uniques, which marks a year-over-year growth of 39%. This strong growth was supported by international users as they grew by 46%. Reddit, Inc. (NYSE:RDDT) is making strategic moves to position itself as one of the largest platforms for human-generated information online. The company is looking to expand its global reach by launching machine translation in 8 languages. This will help users from different countries to engage on the platform more easily. Reddit, Inc. (NYSE:RDDT) is also using AI to improve its services and make content accessible to everyone. The company launched a beta version of Reddit Answers, an AI-powered search tool that offers curated summaries of community discussions. However, this is still in its early stages and is currently only available in English.

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