10 Best Robinhood Stocks Under $20

Published September 17, 2021 at 12:29 pm EDT Updated September 7, 2026 at 12:58 pm EDT

In this article, we discuss the 10 best Robinhood stocks under $20.

More individual investors are investing in the stock market with the popularity of commission-free trading platforms like Robinhood Markets, Inc. (NASDAQ:HOOD). Retail investors who want to put their spare $100 into the stock market prefer Robinhood Markets, Inc. (NASDAQ:HOOD), not only because the platform offers access to zero-commission trading but also because the app allows traders to invest in fractional shares of certain stocks and exchange-traded funds (ETFs). Robinhood Markets, Inc. also serves as a platform for cryptocurrency trading. The fintech company raised over $2 billion in its initial public offering (IPO) in July 2021, selling 52.4 million shares at $38 per share.

Robinhood Markets, Inc. was founded in 2013 and since then has grown its funded accounts to 22.5 million at the end of the second quarter of 2021, with over 21.3 million monthly active users (MAU). The company’s assets under custody grew 205% to $102 billion in the second quarter of 2021, up from $33 billion in the same quarter last year. In addition, Robinhood Markets, Inc. reported a 141% increase in transaction-based revenues to $451 million in Q2 2021 driven by increased cryptocurrencies transactions which amounted to $233 million, up from $5 million in Q2 2020.

Some of the most popular stocks on Robinhood Markets, Inc. these days include blue-chip stocks Apple Inc. (NASDAQ:AAPL), Tesla, Inc. (NASDAQ:TSLA), and Amazon.com, Inc. (NASDAQ:AMZN). However, with a younger user base averaging 30 years old, retail investors are investing in lower-cost equities. Cheaper stocks like Ford Motor Company (NYSE:F), Nokia Corporation (NYSE:NOK), Zynga Inc. (NASDAQ:ZNGA), and BlackBerry Limited (NYSE:BB) are gaining traction on the stock trading app.

Investing has become difficult by the day, even for the smart money. The entire hedge fund industry is feeling the reverberations of the changing financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Between March 2017 and July 2021, our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by more than 124 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

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Our Methodology

With this context in mind, here is our list of the 10 best Robinhood stocks under $20. We selected the most popular stocks on Robinhood Markets, Inc.’s (NASDAQ:HOOD) stock trading app. The stocks on our list were picked based on their fundamentals and prospects for growth based on key business characteristics. We chose cheap stocks that have long-term growth prospects and high analyst ratings. You will see that most of the stocks in our list are from high-growth industries like electric vehicles, 5G networks, and cybersecurity.

We ranked these stocks based on the number of hedge funds having stakes in them, based on our data of over 873 hedge funds. Let’s now look at the 10 best Robinhood stocks under $20.

Best Robinhood Stocks Under $20

10. OrganiGram Holdings Inc. (NASDAQ:OGI)

Number of Hedge Fund Holders: 6

Price as of September 16: $2.40

We start our list of the 10 best Robinhood stocks under $20 with Canadian cannabis producer OrganiGram Holdings Inc. (NASDAQ:OGI). The company was founded in 2013 and it manufactures and sells recreational and medical cannabis and CBD products.

On July 15, Stifel analyst Andrew Partheniou kept a Hold rating on OrganiGram Holdings Inc. with a C$3.75 price target.

The company has a market cap of $736 million. In the third quarter of fiscal 2021, OrganiGram Holdings Inc. reported an EPS of -$0.01, beating estimates by $0.02. The company’s third-quarter revenue grew 31% year over year to $16.24 million and beat revenue estimates by $2.89 million. The stock has gained 85%, year to date.

At the end of the second quarter of 2021, 6 hedge funds in the database of Insider Monkey held stakes worth $5.96 million in OrganiGram Holdings Inc., down from 9 in the previous quarter worth $15.2 million.

Just like Ford Motor Company, Nokia Corporation, Zynga Inc., and BlackBerry Limited, OrganiGram Holdings Inc. is one of the cheaper stocks popular on Robinhood app.

9. Ideanomics, Inc. (NASDAQ:IDEX)

Number of Hedge Fund Holders: 6

Price as of September 16: $2.19

Ideanomics, Inc. (NASDAQ:IDEX) ranks 9th on the list of 10 best Robinhood stocks under $20. The New York-based fintech firm offers financial services to promote the use of electric vehicles.

The company has a market cap of $1.04 billion. In the second quarter of 2021, Ideanomics, Inc. reported an EPS of -$0.02, missing estimates by -$0.01. The company’s revenue in the second quarter came in at $33.22 million, an increase of 608% year over year, and beat revenue estimates by $2.22 million.

At the end of the second quarter of 2021, 6 hedge funds in the database of Insider Monkey held stakes worth $34.8 million in Ideanomics, Inc., down from 7 in the previous quarter worth $21 million.

Just like Ford Motor Company, Nokia Corporation, Zynga Inc., and BlackBerry Limited, Ideanomics, Inc. is one of the cheaper stocks popular on Robinhood app.

8. Sundial Growers Inc. (NASDAQ:SNDL)

Number of Hedge Fund Holders: 10

Price as of September 16: $0.72

Canadian cannabis producer Sundial Growers Inc. (NASDAQ:SNDL) ranks 8th on the list of 10 best Robinhood stocks under $20. Sundial Growers Inc. sells cannabis-infused inhalable products and vapes for adult use.

On July 20, ATB Capital analyst David Kideckel upgraded Sundial Growers Inc. to Sector Perform from Underperform and increase his price target for the stock to $0.80 from $0.50, following the completion of SNDL’s CA$131 million acquisition of cannabis retailer Inner Spirit Holdings Ltd.

The company has a market cap of $1.5 billion. In the second quarter of 2021, Sundial Growers Inc. reported an EPS of -$0.02, missing estimates by -$0.02. The company’s revenue in the second quarter came in at $7.31 million.

At the end of the second quarter of 2021, 10 hedge funds in the database of Insider Monkey held stakes worth $76.5 million in Sundial Growers Inc., up from 7 in the previous quarter worth $18.8 million.

Just like Ford Motor Company, Nokia Corporation, Zynga Inc., and BlackBerry Limited, Sundial Growers Inc. is one of the cheaper stocks popular on Robinhood app.

7. FuelCell Energy, Inc. (NASDAQ:FCEL)

Number of Hedge Fund Holders: 14

Price as of September 16: $6.15

FuelCell Energy, Inc. (NASDAQ:FCEL) is a fuel cell company based in Connecticut that ranks 7th on the list of 10 best Robinhood stocks under $20. FuelCell Energy, Inc. supplies fuel cell power solutions in the United States, England, Switzerland, Germany, and South Korea.

On June 11, B. Riley analyst Christopher Souther kept a Neutral rating on FuelCell Energy, Inc. with a price target of $10 per share. According to the analyst, the commoditization of carbon capture and solid oxide in 2022 and beyond will be significant catalysts for FuelCell Energy, Inc..

The company has a market cap of $2.25 billion. FuelCell Energy, Inc. saw its stock rise 14.9% on September 14 after the company reported better-than-expected third-quarter earnings. In the third quarter of fiscal 2021, FuelCell Energy, Inc. reported an EPS of -$0.04, beating estimates by $0.01. The company’s revenue in the fiscal third quarter was $26.82 million, an increase of 43% year over year, and above estimates by $6.19 million. The stock has gained 146% in the past twelve months.

At the end of the second quarter of 2021, 14 hedge funds in the database of Insider Monkey held stakes worth $105 million in FuelCell Energy, Inc., up from 13 in the previous quarter worth $68 million.

Just like Ford Motor Company, Nokia Corporation, Zynga Inc., and BlackBerry Limited, FuelCell Energy, Inc. is one of the cheaper stocks popular on Robinhood app.

6. BlackBerry Limited (NYSE:BB)

Number of Hedge Fund Holders: 20

Price as of September 10: $10.16

BlackBerry Limited ranks 6th on the list of 10 best Robinhood stocks under $20. The Canadian company is a provider of cybersecurity software for enterprise solutions. The company was founded in 1984 and was formerly known as Research In Motion Limited.

Shares of BlackBerry Limited climbed 5% on August 18 as Canaccord Genuity analyst T. Michael Walkley upgraded BlackBerry Limited to Hold from Sell and maintained his price target of $10. The analyst cited the potential of the company’s cybersecurity segment.

The company has a market cap of $5.9 billion. In the first quarter of fiscal 2022, BlackBerry Limited reported an EPS of -$0.05, beating estimates by $0.00. The company’s revenue in the first quarter was $174 million and beat revenue estimates by $2.96 million. The stock has gained 57%, year to date and 116% in the past twelve months.

At the end of the second quarter of 2021, 20 hedge funds in the database of Insider Monkey held stakes worth $703 million in BlackBerry Limited, down from 24 in the previous quarter worth $694 million.

5. American Airlines Group Inc. (NASDAQ:AAL)

Number of Hedge Fund Holders: 25

Price as of September 16: $18.89

American Airlines Group Inc. (NASDAQ:AAL) ranks 5th on the list of 10 best Robinhood stocks under $20. The Texas-based airline owns and operates a mainline fleet of 855 aircraft. The company was formerly known as AMR Corporation and was founded in 1930.

On August 11, Redburn Partners initiated a Buy recommendation on American Airlines Group Inc..

The company has a market cap of $12.3 billion. In the second quarter of 2021, American Airlines Group Inc. reported an EPS of -$1.69, beating estimates by $0.04. The company’s revenue in the second quarter was $7.5 billion, up 87% quarter over quarter, and beat revenue estimates by $16.02 million. The stock has gained 20%, year to date, and 46% in the past twelve months.

At the end of the second quarter of 2021, 25 hedge funds in the database of Insider Monkey held stakes worth $620 million in American Airlines Group Inc., down from 32 in the previous quarter worth $561 million.

4. Nokia Corporation (NYSE:NOK)

Number of Hedge Fund Holders: 26

Price as of September 16: $5.62

Nokia Corporation is a tech company based in Finland that ranks 4th on the list of 10 best Robinhood stocks under $20. Nokia Corporation offers 5G network solutions to enterprise clients. The company also sells smartphones, laptops, and streaming devices to retail consumers.

On September 8, Credit Suisse analyst Achal Sultania maintained a Neutral rating on Nokia Corporation and increased his price target for the stock to €5.05 from €4.45. Meanwhile, Nokia Corporation stated on September 9 that it has been chosen to build US cellular’s independent 5G core network, with completion due by the end of 2022.

The company has a market cap of $33.4 billion. In the second quarter of 2021, Nokia Corporation reported an EPS of $0.11, beating estimates by $0.05. The company’s second-quarter revenue was $6.32 billion and beat revenue estimates by $193.68 million. The stock has gained 7.4% in the past three months.

At the end of the second quarter of 2021, 26 hedge funds in the database of Insider Monkey held stakes worth $494 million in Nokia Corporation, up from 21 in the previous quarter worth $352 million.

3. GoPro, Inc. (NASDAQ:GPRO)

Number of Hedge Fund Holders: 28

Price as of September 16: $9.66

Action camera manufacturer GoPro, Inc. (NASDAQ:GPRO) ranks 3rd on the list of 10 best Robinhood stocks under $20. GoPro, Inc. sells action cameras, drones, wearable mounts, and accessories globally. In addition, the California-based camera maker provides subscription-based services on its cloud-based storage solutions, mobile app, and video-editing app.

GoPro, Inc. saw its stock rise 1.83% on August 31 after the action camera company received a license from the US Patent And Trademark Office for systems and methods for calculating projected risk for an unmanned drone vehicle’s flight route.

The company has a market cap of $1.43 billion. In the second quarter of 2021, GoPro, Inc. reported an EPS of $0.12, beating estimates by $0.08. The company’s revenue in the second quarter was $249.6 million, an increase of 86% year over year, and beat revenue estimates by $17.28 million. The stock has gained 148.5% in the past twelve months.

At the end of the second quarter of 2021, 28 hedge funds in the database of Insider Monkey held stakes worth $413 million in GoPro, Inc., down from 36 in the previous quarter worth $395 million.

In its Q4 2020 investor letter, Roubaix Capital LLC stated that GoPro, Inc. should benefit from the consumer rebound. Here is what the fund said:

“Companies like GoPro (GPRO) should benefit from the consumer rebound, but also have their own unique drivers of value over the next 2+ years. In the case of GPRO, the company launched its newest action camera, the GoPro9, under the umbrella of a new business model. The company offers a discount on the camera when customers purchase a subscription agreement that comes with additional services and benefits. The uptake of the subscription has been strong to date and offers the company a line of sight to a higher margin and more predictable revenue stream. The stock’s low double-digit earnings multiple remains undemanding. We have seen this type of transformation play out in numerous situations in software, hardware and even retail companies such as RH. We see GPRO the following suit and expect a return to travel later this year to be another reason for consumers to buy a new camera as they head back out on vacation.”

2. Zynga Inc. (NASDAQ:ZNGA)

Number of Hedge Fund Holders: 49

Price as of September 10: $7.99

Zynga Inc. is a mobile videogame company based in San Francisco that ranks 2nd on the list of 10 best Robinhood stocks under $20. Zynga Inc. develops and licenses videogames played on Android and iOS devices. The company was formerly known as Zynga Game Network Inc. and was founded in 2010.

Despite a shortfall on bookings, BMO Capital analyst Gerrick Johnson kept an Outperform rating on Zynga Inc. and maintained his price target for the stock at $11 per share on August 9, noting that the firm maintained its 2021 EBITDA projection.

The company has a market cap of $9.6 billion. In the second quarter of 2021, Zynga Inc. reported an EPS of $0.10, beating estimates by $0.01. The company’s revenue in the second quarter came in at $720 million, an increase of 59% year over year, and beat revenue estimates by $40.14 million. In addition, Zynga Inc. reported an all-time high of 205 million average mobile MAUs, up 194% year over year. The stock has gained 5.4% in the past twelve months.

At the end of the second quarter of 2021, 49 hedge funds in the database of Insider Monkey held stakes worth $1.27 billion in Zynga Inc., up from 47 in the previous quarter worth $1.14 billion.

In its Q4 2020 investor letter, Artisan Partners Limited Partnership mentioned Zynga Inc. and emphasized their views on the company. Here is what the fund said:

“We also added to our position in Zynga. Our multi-year investment campaign in Zynga has been based on a new management team’s ability to drive steady growth in the company’s base portfolio of games, expand margins, reinvigorate the new game development pipeline and use its strong balance sheet to acquire complimentary games and studios. Shares have been pressured in recent quarters, presumably because of investor concerns about the company’s moderating growth rate and Apple’s pending new privacy policy which will make it more difficult for Zynga to both efficiently acquire new players and sell advertising in its games. We believe the company has multiple growth levers it can pull in the periods ahead, including the rollout of new games, acquisitions, further penetration into international markets, and entry into new gaming categories, to name a few. Furthermore, our research suggests the Apple privacy policy change is manageable for larger mobile game developers such as Zynga. Given our strong conviction in the profit cycle, we used recent weakness to add to our position.”

1. Ford Motor Company (NYSE:F)

Number of Hedge Fund Holders: 55

Price as of September 16: $13.40

Topping the list of 10 best Robinhood stocks under $20 is Michigan-based automobile manufacturer Ford Motor Company. The automobile company manufactures and sells a wide range of vehicles, including trucks, utility vehicles, and luxury vehicles.

On September 8, Benchmark analyst Michael Ward maintained a Buy rating on Ford Motor Company with a price target of $18 per share.

The company has a market cap of $51 billion. In the second quarter of 2021, Ford Motor Company reported an EPS of $0.13, beating estimates by $0.10. The company’s revenue in the second quarter grew 37.8% year over year to $26.8 billion. The stock has increased by 44% year to date and by 81% in the last year.

At the end of the second quarter of 2021, 55 hedge funds in the database of Insider Monkey held stakes worth $2.10 billion in Ford Motor Company, up from 49 in the previous quarter worth $2.19 billion.

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