Up 22% to 273%, There's Still Time to Buy These 3 Stocks

As the market continues to soar, some stocks have emerged as standout performers, offering investors the opportunity to capitalize on their impressive gains. In this article, we'll highlight three stocks that have surged by 22% to 273% and discuss why there's still time to buy them.



1. Reddit (RDDT 0.23%)
Reddit, the popular social news aggregation and discussion website, has seen its stock price more than triple in less than a year. The company's growth can be attributed to its expanding user base and increased engagement on its platform. In its most recent quarter (ended Sept. 30, 2024), Reddit reported 97 million daily active users (DAUs), up 47% from one year earlier. This growth is expected to continue as the platform gains popularity and attracts more users. Additionally, Reddit's ad-based business model has been performing well, with conversion page views increasing by 40% year over year in the most recent quarter. As the user base and engagement grow, so does the platform's attractiveness to advertisers, driving revenue growth. Despite its high price-to-sales (P/S) ratio of nearly 24, Reddit's strong growth potential and user base make it an attractive investment opportunity.


2. Sea Limited (SE 1.14%)
Sea Limited, a leading e-commerce and gaming company in Southeast Asia, has seen its stock price surge by 226% over the last year. The company's success can be attributed to its expansion in the region, which has a population of nearly 640 million people. Sea Limited's e-commerce arm, Shopee, is the region's leading online retailer, while its gaming segment, Garena, claims Free Fire, one of the world's leading mobile games. The company's focus on this region is expected to drive long-term growth as the market continues to expand. Sea Limited's recent return to profitability and strong growth potential may justify its premium valuation, despite its high price-to-earnings (P/E) ratio of 31.


3. Meta Platforms (META 1.74%)
Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, has seen its stock price soar by 60% over the past two years. The company's ambitious investments in artificial intelligence (AI) and the metaverse have the potential to transform various industries. While Meta Platforms' Reality Labs segment has been losing money, the company's core advertising business has been growing, driven by the increasing demand for digital advertising and its ability to target ads effectively. As AI and metaverse technologies become more widespread and adopted, Meta Platforms' investments in these areas should pay off. Despite its high price-to-earnings (P/E) ratio of 27.3, Meta Platforms' dominant position in the digital advertising market and strong cash flow generation make it an attractive investment opportunity.


In conclusion, Reddit, Sea Limited, and Meta Platforms have all demonstrated impressive growth, with stock price gains ranging from 22% to 273%. While these stocks may appear overvalued compared to their historical averages and industry peers, their strong growth potential and dominant market positions may justify their premium valuations. Investors who missed out on these stocks' initial gains should still consider buying them, as their growth trajectories remain intact. However, it is essential to monitor these companies' progress and address any potential challenges that may arise.