5 best Reddit stocks to buy for Q4 2024

The online message board, Reddit, has become a haven of amateur stock picking. This page goes through the best trending Reddit stocks to invest in this year.
Updated: Nov 30, 2023

Use this page to find the trending stocks on Reddit at the moment. Our expert analysts have combed through the subreddits to find the best stocks with the most potential to succeed, and have come up with a list that has something on it for every investor.

What are the top Reddit stocks to buy?

Copy link to section

You can find a list of our expert picks on the best trending Reddit stocks in the table below. Click the links on each stock symbol to find the latest price information, or keep reading to find out more about why these companies have been chosen.

#Stock symbolCompany name
Trade AAPL

77% of retail CFD accounts lose money.

2SOFISoFi Technologies
Trade BB

77% of retail CFD accounts lose money.

Trade GME

77% of retail CFD accounts lose money.

List chosen by our team of analysts, updated January 2024.

1. Apple (NASDAQ: AAPL)

Copy link to section

Apple is a household name and one of the best stocks to buy in its own right. Set up by Steve Jobs in the 1970s, the company is famous for developing revolutionary technology in the form of the Mac computer and then the iPhone in particular.

It’s attracted attention on Reddit on the back of the release of the iPhone 13 and it is comfortably the most established and quality company on this list. It’s already the most valuable company in the world but it’s still growing its revenue.

If you just want to find a stock that’s popular on Reddit and has the least risk attached, then Apple is it. It’s a blue-chip stock with a valuable brand that’s constantly innovating. It’s the safest way to join the retail investors club.

Sign-up & trade Apple

77% of retail CFD accounts lose money.

2. SoFi Technologies (NASDAQ: SOFI)

Copy link to section

SoFi is an online personal finance company. It helps students, in particular, manage their debt and offers a variety of online banking services like loans and credit cards. The company is backed by Chamath Palihapitiya, who is a little like the Pied Piper of meme stocks. He’s also been involved with Clover Health, which is popular on Reddit as well.

That’s one of the reasons the stock is favoured by Reddit investors even despite some shaky recent results. The other is that people are willing to overlook short term losses because SoFi is growing its membership at a rapid rate; it doubled in the last quarter alone.

SoFi’s whole business model offers an alternative to traditional high street banks. That means it has a variety of different revenue streams and opportunities to up and cross-sell its products to its members. All of which put it in a great spot to grow in the medium term.

Sign-up & trade SoFi Technologies

3. BlackBerry (NYSE: BB)

Copy link to section

BlackBerry is best known for being one of the first companies into the smartphone game. The modern BlackBerry, however, is a long way from that. Nowadays its focus is on cybersecurity and the Internet of Things.

Stocks that are favoured by Reddit investors often have an emotional attachment to the people involved, and BlackBerry certainly fits that bill. Alongside that, there are legitimate business reasons to be bullish on its future because its new products are such an integral part of the modern world.

BlackBerry products and software use artificial intelligence and machine learning to protect against hacks, and are already in use by governments and in things like driverless cars. Like another similar company, Nokia, it’s suffered through a period in the doldrums but has transformed so that it’s well set to make money in the long term.

Sign-up & trade BlackBerry

77% of retail CFD accounts lose money.

4. GameStop (NYSE: GME)

Copy link to section

GameStop became the first true ‘Reddit stock’ in 2021 when it became the cause celebre of investors on social media. Before that, it was just a normal high street video game retailer struggling to make ends meet.

It retains a special place on the message board, whose continued involvement means that the stock has stuck at a price point way above anything it had ever seen before. It’s still more than 800% up across 2021 as a whole.

Like many companies that are hyped up on Reddit, there was an initial business reason for its popularity. It was taken over by an activist investor at the end of 2020, who wanted GameStop to focus more on online sales rather than the physical stores. The increased attention only accelerated that process, and the company is in a much better place now than it was at the start of the meme stock craze.

Sign-up & trade GameStop

77% of retail CFD accounts lose money.

5. SmileDirectClub (NASDAQ: SDC)

Copy link to section

SmileDirectClub is a dentistry company with a twist. It uses technology to design its products and most of the process takes place online, rather than you having to actually visit a dentist. You can scan your teeth at home and then order some 3D-printed braces that are specific to you.

SmileDirectClub is a classic Reddit stock because there are a lot of institutional investors who don’t like the company. That means there’s lots of people ‘short’ the stock, so it might be set up for a short squeeze. This is the same pattern that set the prices of GameStop and AMC stock surging at the start of 2021.

There might not be the same long term upside from SDC as the others on this list. There are legitimate questions about whether its cheap aligners business model can work. However, there is the potential for a short squeeze and the stock is normally quite volatile, which offers up lots of opportunity for traders to benefit from.

Sign-up & trade SmileDirectClub

Where to buy the best Reddit shares

Copy link to section

To get any of these top trending stocks on Reddit you need to sign up with an online stock broker. These are platforms that you have to use to buy and hold the shares you want. Any of the options below is an excellent place for a beginner to start, and you can create an account in a few minutes by clicking the links in the table.

Min. Deposit
$ 10
Best offer
User Score
Up to $240 bonus!
Deposit with ACA, Wire, Pay with my bank
Invest for dividends and get payout on stocks on Ex-Dividend day
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:

77% of retail CFD accounts lose money.

Min. Deposit
$ 100
Best offer
User Score
Trade +2000 CFDs on Shares, Options, Commodities & more
Unlimited risk-free Demo Account
0 commissions & attractive spreads with up to 1:5 leverage
Start Trading
Payment Methods:
American Express, Apple Pay, Bank Transfer, Credit Card, Debit Card, Discover, Google Pay, Mastercard, PayPal, SEPA, Trustly, Visa, , skrill
Full Regulations:
ASIC, FCA, FSA, MAS, cysec-250-14-regulator, isa-regulator

Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Min. Deposit
Best offer
User Score
Diverse Stock Selection: Interactive Brokers offers a wide range of domestic and international stocks, providing investors with a diverse array of options for their portfolios.
Advanced Trading Tools: Investors benefit from real-time market data and advanced tools, empowering them to make informed decisions and execute trades with precision in the dynamic stock market.
Easy Portfolio Management: Interactive Brokers makes it simple to handle your investments by allowing you to easily switch between stocks and other assets on one platform, streamlining the way you manage your overall portfolio.
Start Trading
Payment Methods:
ACH, Bank Wire, Check
Full Regulations:

What is a Reddit stock?

Copy link to section

A stock in a company that has become popular on the social message board, Reddit. Reddit is a haven of amateur enthusiasts who try to identify the next big thing or stick it to Wall Street analysts by proving them wrong about a stock.

Trending stocks on Reddit generate interest for all sorts of different reasons; as a result of legitimate amateur analysis, simply as jokes, or in a deliberate attempt to try to attack hedge funds that are ‘short’ a stock. Sometimes you might find that a popular company is trending, like Tesla stock or Meta Platforms, based on genuine financial fundamentals, such as quarterly revenue or an increase in net income

Other times, you might find companies that you’ve hardly heard of or which have been struggling. So you need to be careful to understand what is driving a stock to trend on Reddit.

Are Reddit shares a good investment?

Copy link to section

The answer can be very different depending on which company you choose. If you put some money in GameStop when it first became popular on Reddit, you were likely to make a substantial profit. But you can also lose money quickly on stocks that fall from favour in a few days.

The theme that runs across every company on this list is volatility. Sudden bursts of interest that lead to a lot of buying and selling makes the price of each stock bounce around. It can be risky to invest in that sort of environment, so you need to be prepared for the value of your investment to change a lot over the course of a day or two.

Sometimes top trending stocks on Reddit are companies in dire financial straits that simply generate an emotional connection in the posters’ minds. If you find companies that routinely post a net loss or perform a reverse stock split to try to stay afloat: be careful.

The best thing to do is to only put in a small amount into these Reddit stocks that you can afford to lose. Not every stock is going to go ‘to the moon’, so protect yourself in case you pick wrong. Finally, make sure to keep track of the companies you have money in, because the nature of Reddit stocks is that things can change rapidly.

Sign up to a broker to buy the best Reddit stocks

Latest stock market news

Copy link to section
On Sunday, I wrote about 888 Holdings (LON: 888), which rejected a 700 pounds offer from Playtech in July. That offer valued the company at about 700 million pounds, which is much higher than the current valuation of less than 350 million pounds. Five9 (NASDAQ: FIVN) stock price jumped by more than
Real Estate Investment Trusts (REITs) have been unloved, unwanted, and forgotten in 2023 amid a prolonged period of high-interest rates. Office property values in key American cities have dropped while many companies face a wall of maturities in the next few years.  Bargain hunters spot opportunitie
Tesla (NASDAQ: TSLA) stock price has done well in 2023, helped by the company’s strong performance as its vehicle deliveries rose. The stock peaked at about $300 in July, which was much higher than its year-to-date low of $103.06.  Tesla has lost momentum Recently, however, there are signs that
The S&P/ASX 200 index has pulled back in the past two days as the recent momentum fades. The index, which tracks the biggest companies in Australia, retreated to a low of A$7,057, down from this month’s high of A$7,165. It has dropped by more than 7% from the highest point in 2023. RBA and Fed [
Exxon Mobil Corp (NYSE: XOM) and its peer Chevron Corporation (NYSE: CVX) have opted out of a fund aimed at helping state-owned energy companies in the developing countries to minimise methane emissions. Other oil giants pledged millions to that initiative The said grant was unveiled at the COP28 –
Lululemon Athletica Inc (NASDAQ: LULU) has gained more than 50% over the past eight months and now a Wells Fargo analyst says it’s as far as the stock goes for now. Lululemon stock has had its run On Monday, Ike Boruchow downgraded the athletic apparel company to “equal weight”. His $445 price objec

Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.