This article looks at the 10 Best Meme Stocks to Buy Now.
The U.S. stock market in recent years has experienced several instances of meme stock frenzy, with investors piling into hyped-up stocks with the hope of driving a surge in their share price, while ignoring the underlying business fundamentals of these companies.
These stocks tend to have volatile price movements and are popular on social media and among retail investors, much like how we are seeing the metals market playing out these days with gold and silver.
Retail investment is continuing to grow strongly in the U.S. equity markets and now accounts for about 20% of the daily trading volume, up from the low single digits before the pandemic, according to BlackRock’s co-chief investment officer Jeff Shen.
In an interview with CNBC late last month, Steve Quirk, chief brokerage officer at Robinhood Markets, said most expected retail participation to slow once Covid cleared up, but it has only grown stronger.
Retail investors are often seen engaging in conversations on online platforms such as Reddit, where they share their insights on the market and discuss investment strategies. Citizens JMP analyst Devin Ryan believes retail participation is much more informed today than it was previously and is enabling the democratization of access to equity markets. He was quoted as saying the following by CNBC:
“This is a new retail investor that is much more informed, much more engaged, has many more tools. It’s not just democratization of access to the markets, but also of information.”
With that said, let’s now discuss some of the best meme stocks to buy now.
Our Methodology
We used ETFs with exposure to meme stocks and articles on the subject published by other financial websites to build a stock pool. From there, we selected the 10 stocks with the highest average upside in share price and ranked them in ascending order. The upside numbers are as of the close on February 12. Additionally, we also included data on hedge fund holdings in these companies as of Q3 2025 to provide further insight into investor interest.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
10 Best Meme Stocks to Buy Now
10. Reddit, Inc. (NYSE:RDDT)
Share Price Upside: 81.09%
Number of Hedge Fund Holders: 80
Reddit, Inc. (NYSE:RDDT) is among the 10 best meme stocks to buy now. On February 6, Goldman Sachs cut its price target on the stock to $206 from $236 while maintaining a Neutral rating, following the company’s Q4 2025 results.
In a research note to investors, the firm noted solid growth in users, advertising revenue, and EBITDA during the quarter. Goldman further added that the company will be looking to lure users toward logged-in engagement in the short-term, while noting that its long-term prospects would largely remain aligned with broader trends in digital advertising and artificial intelligence.
Despite the cut, the revised price target represents significant upside relative to Thursday’s closing price of $131.07. As of February 12, the stock is a Moderate Buy with a consensus average share price upside of 81.09%.
In other news, Reddit, Inc. (NYSE:RDDT) on February 5 forecast Q1 2026 revenue in the range of $595 million and $605 million, above analysts’ estimates of $577.2 million, amid an increase in marketers following AI-backed enhancements to its advertisement platform. Adjusted EBITDA for the first quarter is also projected to be above estimates.
The company’s fourth-quarter revenue came in at $726 million, up 70% from the prior-year period. Diluted earnings per share stood at $1.24, beating estimates by 28 cents.
Reddit, Inc. (NYSE:RDDT) is a social media platform that enables users to engage in conversations and create new digital communities and experiences.
9. AppLovin Corporation (NASDAQ:APP)
Share Price Upside: 88.62%
Number of Hedge Fund Holders: 110
AppLovin Corporation (NASDAQ:APP) is among the 10 best meme stocks to buy now. On February 12, Jefferies cut its price target on the stock to $700 from $860, while maintaining a Buy rating.
The adjustment came after the company announced its fourth-quarter financial results the day before. Ahead of the earnings call, analysts at Jefferies noted increased competition in the advertising landscape, which could compress margins.
AppLovin Corporation (NASDAQ:APP) reported sales of $1.66 billion for the quarter, growing 66% year-over-year and beating analysts’ estimates of $1.60 billion. Net income expanded 84% from the prior year’s period to $1.10 billion. Diluted EPS stood at $3.24 against expectations of $2.95 per share.
Jefferies described the results as ‘impressive’ and said they remained ‘constructive’ for the company despite the reduction in the price target.
On the same day, Morgan Stanley also lowered its price target on the stock to $720 from $800, reflecting a sector-wide valuation reduction. However, the firm reiterated an Overweight rating and praised the firm’s strong Q4 performance. The investment bank also raised the company’s EBITDA estimates for FY26 and FY27 by 2% each.
Despite recent price target revisions, the stock remains a Strong Buy and has a consensus average share price upside potential of 88.62%, as of the close on February 12.
AppLovin Corporation (NASDAQ:APP) is a marketing platform that provides software and AI solutions to help businesses monetize their content and expand their global audiences.
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