According to Wall Street, these 3 Popular Reddit Stocks Have More Than 55% Upside By StockNews
With Reddit’s growing popularity as an influential social media platform for retail traders, the most-mentioned stocks on the subreddit WallStreetBets attract significant investor attention. Wall Street analysts still expect Reddit stock favorites TMC the Metals Company (TMC), Beachbody Company, BODY and AudioEye to produce substantial returns in near-term. Read on.A social-media-influenced trading frenzy took off earlier this year following the subreddit r/wallstreetbets triggered skyrocketing rally of heavily shorted stock GameStop Corporation (NYSE:).
Retail-trader favourites have seen a slowing in demand lately and signs of investor fatigue. Shares of meme stock GME have dipped 8.3% in price over the past three months, while AMC Entertainment (NYSE:) Holdings, Inc.’s (AMC) shares have dropped 11.9% over the past five days.
Wall Street analysts believe that meme stocks will continue to gain popularity despite the tempered interest. Reddit favourites TMC, The Beachbody Company, Inc., Inc. and AudioEye, Inc., Inc. (AEYE), are expected to see a price rally of more than 55% due to their solid fundamentals and strong growth prospects. They were the 10 most popular U.S. stocks mentioned on WallStreetBets’ September 17th forum.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.