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3 WallStreetBets Stocks That Will Rally at Least 90%, According to Analysts -Breaking

by Mike Robinson

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© Reuters. Three WallStreetBets Stocks that Will Rally At Least 90% According to Analysts

Reddit’s WallStreetBets forum came to prominence after it helped propel the stock prices of GameStop and AMC Entertainment to record highs despite the bleak financial fundamentals. The pandemic has seen retail trading rise significantly. The retail trading frenzy will continue into next year. Wall Street analysts predicted more than 90% upsides to the stocks of Peloton, Virgin Galactic, (SPCE) and IronNet, (IRNT). The Reddit community, r/WallStreetBets, gained prominence after the participation by retail investors in pushing GameStop Corporation, (GME), and AMC Entertainment Holdings, Inc., (AMC), stock prices to record highs. However, the price gains could not be sustained, given the stocks’ weak fundamentals.

The ease of access to trading apps has helped retail trading to grow significantly over the past year. Robinhood Markets , Inc. (NASDAQ:). Trends, news and social media are the main factors that influence retail investing. Amateur investors now account for around 23% in equity trading in America, as opposed to 10% in 2019. Reddit has witnessed several short squeezes from retailers this year. Experts believe that the retail trading frenzy which has raised stocks to incredible heights will carry on into next year.

Wall Street analysts anticipate a greater than 90% upside for WallStreetBets stock Peloton Interactive, Inc., Virgin Galactic Holdings, Inc., and IronNet, Inc.

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