2024 Growth Stock Insights: Reddit, Robinhood, Duolingo Shine

2024 growth stocks are thriving, particularly Reddit, Robinhood, and Duolingo. Investors are advised to consider these stocks as they show significant revenue growth and net income improvements.

Date: 05-01-2025

AI Rating: 8

Reddit has shown incredible performance, with its shares increasing over 200% this year. The company reported remarkable financial metrics in its latest quarter, including a revenue leap of 68% to $348 million and a net income of $29 million, reversing a previous loss. The gross margin stands at an impressive 90%, indicating strong profitability. With an increase in daily active users of 47% year over year to 97 million and plans to integrate AI features, Reddit appears poised for continued growth.

Robinhood Markets has also demonstrated solid growth metrics. The most recent quarter saw a 72% increase in transaction-based revenue, reaching $319 million. This growth is driven by increased trading in options and cryptocurrencies, which appeals especially to younger investors. Additionally, the average revenue per user (ARPU) also increased by 31%. The overall investment account growth of 6% to 25.1 million suggests that Robinhood is effectively outperforming competitors.

Duolingo rounded out the performance of these highlighted stocks with a notable 40% stock increase this year. The company also reported a robust revenue growth rate of 40% year over year, along with a 54% rise in daily active users and a 47% increase in paid subscribers. Duolingo's ability to engage users through its educational app, along with future plans for AI-driven product offerings, indicates a strong outlook for 2025.

Stocks: RDDT HOOD DUOL