With Reddit’s growing popularity as an influential social media platform for retail traders, the most-mentioned stocks on the subreddit WallStreetBets attract significant investor attention. While interest in Reddit favorites appears to have faded lately, Wall Street analysts nevertheless expect popular Reddit stocks TMC the metals company (TMC), Beachbody Company (BODY), and AudioEye (NASDAQ:AEYE) to deliver substantial returns in the near term. Read on.A social-media-influenced trading frenzy took off earlier this year following the subreddit r/wallstreetbets triggered skyrocketing rally of heavily shorted stock GameStop Corporation (NYSE:GME).
However, retail-trader favorites have witnessed slowing demand and fading interest lately amid signs of individual investor fatigue. Shares of meme stock GME have dipped 8.3% in price over the past three months, while AMC Entertainment (NYSE:AMC) Holdings, Inc.’s (AMC) shares have dropped 11.9% over the past five days.
Despite the tempered interest in meme stocks, Wall Street analysts expect Reddit favorites TMC, the metals company Inc. (TMC), The Beachbody Company, Inc. (BODY), and AudioEye, Inc. (AEYE) to rally by more than 55% in price due to their sound fundamentals and solid growth prospects. These stocks were among the top 10 most mentioned U.S. stocks on the WallStreetBets forum on September 17.