From The Motley Fool: 2024-12-31 11:45:00

In 2024, some surprising winners emerged in the stock market, including a legacy airline, an online dating app, and a pair of Argentinian banks, with over 100 stocks doubling in value. Looking ahead to 2025, Reddit, Qifu, and Hims and Hers Health are predicted to potentially double in value, based on their strong performance in 2024.

Reddit, a popular online forum, went public in 2024 and has seen its stock price soar by 387%, with revenue growth accelerating each quarter. Analysts now forecast a profit of $0.74 per share for 2025, despite the stock trading at a high multiple of 224 times forward earnings. The platform has 97.2 million daily active users and strong advertising revenue.

Qifu, a credit-tech platform in China, has doubled in value in 2024 and offers credit solutions to underserved consumers and small businesses. With 55.2 million users and strong profitability, Qifu has returned money to shareholders and trades at a low multiple of eight times trailing earnings, making it an attractive investment option.

Hims and Hers Health, a telehealth specialist, has seen its stock price surge by 183% in 2024, offering a range of health solutions online. Revenue has consistently grown, with the company turning profitable this year. While there are regulatory and competitive risks, the company’s strong performance and growth potential make it an appealing investment opportunity for 2025.



Read more at The Motley Fool: 3 Hot Stocks That Can Double Again in 2025