5 Best Meme Stocks to Invest In

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In this article, we discuss the 5 best meme stocks to invest in. If you want to read our detailed analysis of these stocks, go directly to the 12 Best Meme Stocks to Invest In.

5. Affirm Holdings, Inc. (NASDAQ: AFRM

Number of Hedge Fund Holders: 25 

Percentage gain in the past month: 88.68%

Affirm Holdings, Inc. (NASDAQ: AFRM) is a California-based fintech company that ranks 5th on the list of 12 best meme stocks to invest in. Affirm Holdings, Inc. (NASDAQ: AFRM) runs a digital and mobile-first commerce platform in the US and Canada.

On September 10, BofA analyst Jason Kupferberg maintained a Buy rating on Affirm Holdings, Inc. (NASDAQ: AFRM) and increased his price target to $119 per share from the previous $82 following the company’s Q4 report and FY’22 guidance.

The company has a market cap of $24.67 billion. In the third quarter of 2021, Affirm Holdings, Inc. (NASDAQ: AFRM) reported an EPS of -$1.00, missing estimates by -$0.73. The company’s third-quarter revenue came in at $230.66 million and beat revenue estimates by $32.45 million.

At the end of the second quarter of 2021, 25 hedge funds in the database of Insider Monkey held stakes worth $823 million in Affirm Holdings, Inc. (NASDAQ: AFRM), down from 32 in the previous quarter worth $582 million.

Out of the hedge funds being tracked by Insider Monkey, New York-based hedge fund firm Thrive Capital is a leading shareholder in Affirm Holdings, Inc. (NASDAQ: AFRM) with 3,935,366 shares worth more than $265 million.

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