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.
8. Unity Software Inc. (NYSE:U)
Share Price Upside: 93.08%
Number of Hedge Fund Holders: 74
Unity Software Inc. (NYSE:U) is among the 10 best meme stocks to buy now. The company’s shares slumped this week after it issued a weak first-quarter revenue forecast.
During the Q4 2025 earnings call on February 11, the videogame engine maker reported a 10% increase in quarterly revenue to $503 million, led by strong growth in Unity Vector. Diluted net loss per share was $0.21 compared as compared to $0.30 in the prior year’s period.
The company said it expects revenue between $480 million and $490 million for the first quarter of fiscal 2026, which left investors disappointed as the range fell below Wall Street’s estimates of $492.1 million.
Unity Software Inc. (NYSE:U)’s shares had dropped by about 33% as of the close on Thursday since the earnings call, with the downbeat revenue forecast reflecting slowing demand for the company’s software. The stock has also been pressured this year by concerns that Google’s latest AI technology could disrupt the future of game engines.
Several firms trimmed their price targets on the stock in the follow-up to the weak revenue forecast for Q1, including Citigroup, UBS, Goldman Sachs, Barclays, and BTIG. The stock is a Moderate Buy, with an average share price upside of 93.08% as of the close on February 12.
Unity Software Inc. (NYSE:U) operates a platform to develop, create, and grow games and interactive experiences for consoles, personal computers, mobile phones, and extended reality devices. The stock is down nearly 60% year-to-date.
7. USA Rare Earth, Inc. (NASDAQ:USAR)
Share Price Upside: 93.92%
Number of Hedge Fund Holders: 30
USA Rare Earth, Inc. (NASDAQ:USAR) is among the 10 best meme stocks to buy now. Its shares have returned over 60% year-to-date, with a significant surge in late January after news about the U.S. government backing a $1.6 billion funding.
On January 26, the company announced that it had received a letter of intent for a debt-and-equity package to develop a rare-earth mine in Texas and a magnet-manufacturing facility to boost production of critical materials for the defense and tech sectors, while reducing reliance on China for supply.
Following the development, Roth Capital on January 27 lifted its price target on USA Rare Earth, Inc. (NASDAQ:USAR) to $35 from $25, while maintaining a Buy rating. In a research note to investors, analyst Suji Desilva said the funding would help strengthen the company’s prospects for developing an end-to-end value chain for rare earth materials in the country.
Later on January 30, Cantor Fitzgerald’s Derek Soderberg raised the firm’s price target on the stock to $35 from $28 with an Overweight rating. The analyst noted that magnet production had the potential to generate $1.2 billion in EBITDA by 2030, provided key milestones are achieved.
As of the close of business on February 12, the stock is a Strong Buy with an average share price upside of nearly 94%.
USA Rare Earth, Inc. (NASDAQ:USAR) is engaged in the mining and supply of rare earths and other critical materials.
6. Oklo Inc. (NYSE:OKLO)
Share Price Upside: 94.99%
Number of Hedge Fund Holders: 38
Oklo Inc. (NYSE:OKLO) is among the 10 best meme stocks to buy now. It has been on analysts’ radar and currently carries a consensus Moderate Buy rating, with an average share price upside of 94.99% as of the close on February 12.
Recent updates include Goldman Sachs, on February 4, trimming the stock price target to $91 from $106 while reiterating a Neutral rating.
In a research note to investors, Goldman analyst Brian K. Lee discussed the strong rally in uranium spot prices during the start of 2026 and cited recent developments highlighted by The February Global Reactor Tracker, according to a report on TipRanks.
This follows Texas Capital Securities’ initiation of coverage of Oklo Inc. (NYSE:OKLO) on January 28 with a Buy rating and a price target of $138. The firm, while pointing out the company’s Aurora reactor, described the stock as the ‘best vehicle’ for those bullish on advanced nuclear solutions.
In other news, last month the company announced a significant development. It reached an agreement with Meta to develop a 1.2 GW nuclear power campus in Southern Ohio to support the tech giant’s regional data centers.
Oklo Inc. (NYSE:OKLO) is a nuclear technology company that builds advanced fission power plants to deliver clean, reliable, and affordable energy.
5. Ondas Inc. (NASDAQ:ONDS)
Share Price Upside: 95.09%
Number of Hedge Fund Holders: 20
Ondas Inc. (NASDAQ:ONDS) is among the 10 best meme stocks to buy now. On February 9, Northland Securities analyst Michael Latimore reiterated an Outperform rating on the stock, with a $16 price target.
This is a reaffirmation of the firm’s previous adjustment on January 20, when it lifted the price target to $16 from $10, following an analyst event in which the company raised its revenue target for FY2026 to a range of $170 million to $180 million, up from a prior target of $140 million.
As of the close of business on February 12, Ondas Inc. (NASDAQ:ONDS) is a Strong Buy, with a one-year average share price target of $17.50, representing an upside potential of 95.09%.
In other news, on February 9, the company announced that its 4M Defense subsidiary had secured a multi-year demining program along Israel’s border with Syria. The tender was valued at over $30 million, according to the press release, and is being dubbed as the most significant ground-clearance project in the country’s history.
Earlier in the month, Ondas Inc. (NASDAQ:ONDS) further bolstered its position in the defense and security markets after reaching an agreement to acquire UK-based drone developer, Rotron Aero.
Ondas Holdings Inc. (NASDAQ:ONDS) provides private wireless solutions and autonomous aerial and ground-robot intelligence.
4. IREN Limited (NASDAQ:IREN)
Share Price Upside: 99.35%
Number of Hedge Fund Holders: 52
IREN Limited (NASDAQ:IREN) is among the 10 best meme stocks to buy now. On February 10, Canaccord Genuity analyst Joseph Vafi reiterated the firm’s Buy rating on the stock with a price target of $70.
The adjustment comes following the company’s Q2 earnings call. According to TipRanks, the analyst noted IREN’s plans to deliver about 140,000 graphics processing units (GPUs) by the end of 2026, placing it on track to post an annualized run-rate revenue of $3.4 billion.
Another reason for the bullish sentiment on IREN Limited (NASDAQ:IREN) is its recent acquisition of a new 1.6 GW data center in Oklahoma, bringing the company’s total secured power capacity to over 4.5 GW.
In related news, on February 9, Cantor Fitzgerald slashed its price target on the stock to $82 from $136, citing a sequential decline in revenue and adjusted EBITDA due to falling Bitcoin prices and operating hash rate. However, the firm, which maintained an Overweight rating, believes the results were not surprising given the company’s shift toward AI compute.
Based on 12 analysts’ recommendations, the stock is rated a Moderate Buy, with an average share price upside of 99.35% as of the close of business on February 12.
IREN Limited (NASDAQ:IREN) owns and operates data centers powering the future of Bitcoin and artificial intelligence using renewable energy.
3. SoundHound AI, Inc. (NASDAQ:SOUN)
Share Price Upside: 122.52%
Number of Hedge Fund Holders: 22
SoundHound AI, Inc. (NASDAQ:SOUN) is among the 10 best meme stocks to buy now. As of the close on February 12, it is a Strong Buy with an average share price upside of 122.52%.
Recent updates include a January 12 update from H.C. Wainwright analyst Scott Buck, who reiterated a Buy rating with a $26 price target. Earlier on January 5, Piper Sandler adjusted its price target on the stock to $11 from $15, citing recent 10-Q disclosures. The investment bank maintained its Neutral rating.
SoundHound AI, Inc. (NASDAQ:SOUN) continues to expand its voice AI technology across sectors. Late last month, the company announced an expansion to its partnership with Five Guys. The popular burger brand already leverages the company’s AI-powered ordering agents, which have processed over a million customer interactions to date.
Under the new agreement, Five Guys aims to give more franchisees the option to offer customers the AI-powered ordering experience. This AI technology is enabling the burger chain to not only improve customer service but also enhance operational efficiency by allowing the workforce to focus more on in-store tasks.
Earlier in the month, on January 21, the company announced it had partnered with Bridgepointe Technologies to expand its enterprise AI solutions for the latter’s customers. The move is likely to accelerate adoption for SoundHound AI, Inc. (NASDAQ:SOUN)’s Amelia 7 and Autonomics platforms.
SoundHound AI, Inc. (NASDAQ:SOUN) provides voice and conversational AI solutions to enhance the customer experience for businesses.
2. IonQ, Inc. (NYSE:IONQ)
Share Price Upside: 150.26%
Number of Hedge Fund Holders: 30
IonQ, Inc. (NYSE:IONQ) is among the 10 best meme stocks to buy now. On February 8, Cantor Fitzgerald reiterated an Overweight rating on the stock with a price target of $70.
The update largely aligns with the broader consensus on the quantum computing company. Based on 11 analysts’ recommendations, the stock is a Moderate Buy, with a one-year average share price target of $78.33, representing 150.26% upside as of the close on February 12.
The company has made a series of acquisitions in recent months to integrate critical components of the quantum value chain.
On January 28, IonQ, Inc. (NYSE:IONQ) announced that it had reached an agreement to acquire Seed Innovations, a software and technology firm that delivers technical solutions and process improvements for government and commercial clients.
Earlier on January 26, the company said it would acquire chipmaker SkyWater Technology for $35 per share in cash, implying a total value of around $1.8 billion. The agreement is set to further enhance IONQ’s position by bringing semiconductor production in-house.
Despite these developments, the stock remains volatile and has slumped 27% over the past two weeks amid concerns over revenue legitimacy. A recent short-seller report by Wolfpack Research has alleged that the company engaged in misleading practices, raising chatter about its financial strategy.
IonQ, Inc. (NYSE:IONQ) is a quantum platform company that provides solutions for quantum computing, networking, sensing, and security.
1. Strategy Inc (NASDAQ:MSTR)
Share Price Upside: 192.54%
Number of Hedge Fund Holders: 43
Strategy Inc (NASDAQ:MSTR) is among the 10 best meme stocks to buy now. On February 9, Cantor Fitzgerald trimmed its price target on the stock to $192 from $213, while keeping an Overweight rating.
This follows BTIG’s adjustment on February 6, when the firm slashed its price target to $250 from $630, citing a sharp decline in bitcoin prices in the lead-up to the bitcoin treasury company’s Q4 earnings call.
However, BTIG reiterated a Buy rating on the stock. In a research note to investors, the firm noted that Strategy Inc (NASDAQ:MSTR)’s convertible debt was “extremely over-collateralized” and added that the company had about two and a half years of dollar reserves available to make preferred equity dividend payments.
Despite recent price cuts, the stock carries a Strong Buy rating and has an average share price upside of 192.54% as of the close on February 12.
Strategy Inc (NASDAQ:MSTR) reported a net loss of $42.93 per share during the fourth quarter, compared with a loss of $3.03 per share in the prior year’s period. The widening losses were driven by a volatile period for digital assets, which led to significant losses on the company’s holdings.
Strategy Inc (NASDAQ:MSTR) is the largest corporate holder of Bitcoin in the world. As of February 1, it held 713,502 bitcoins with a total cost of $54.26 billion.
While we acknowledge the potential of MSTR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MSTR and that has 100x upside potential, check out our report about this cheapest AI stock.
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