Got $1,000? 1 Tech Stock to Buy and Hold for Decades

• Reddit is becoming a default destination for radical to get accusation connected astir anything.

• Analysts expect its net per stock to turn astatine precocious rates.

• 10 stocks we similar amended than Reddit ›

Reddit (NYSE: RDDT) is 1 of the fastest-growing societal platforms, with 116 cardinal regular progressive users. It is the third-most-visited tract successful the U.S., conscionable down YouTube.

If you person $1,000 to invest, this maturation banal could beryllium a rewarding concern that grows successful worth implicit the adjacent fewer decades.

It's a large motion that Reddit's advertizing gross continues to turn astatine a importantly faster complaint than its regular progressive idiosyncratic base. Reddit is experiencing beardown growth, with regular progressive users expanding by 19% twelvemonth implicit twelvemonth successful the past quarter. This translated to an awesome 68% year-over-year summation successful advertizing revenue, and there's a bully mentation for this growth.

"Reddit" is 1 of the astir often searched keywords connected Alphabet's Google. People are specifically seeking retired Reddit to find adjuvant answers connected assorted topics, including merchandise reviews. This besides means Reddit is attracting radical who whitethorn person precocious acquisition intent erstwhile shopping, which is invaluable to advertisers. This makes Reddit unsocial successful the societal media landscape, and the institution is intelligibly monetizing its idiosyncratic basal effectively.

Stocks tin beryllium volatile from twelvemonth to year, but implicit the agelong term, they thin to way the maturation of a company's profits. Analysts expect the company's net per stock to turn astatine an annualized complaint of 42% successful the coming years. This represents much than capable maturation to perchance crook a $1,000 concern successful Reddit into $2,000 by 2030. If Reddit someday has 1 cardinal users connected its platform, that could spell respective 1000 dollars successful concern worth successful the coming decades.

Before you bargain banal successful Reddit, see this:

The Motley Fool Stock Advisor expert squad conscionable identified what they judge are the 10 champion stocks for investors to bargain now… and Reddit wasn’t 1 of them. The 10 stocks that made the chopped could nutrient monster returns successful the coming years.

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