In this article, we will list the 5 Best Robinhood Stocks Under $20 to Buy Now. Please visit 10 Best Robinhood Stocks Under $20 to Buy Now if you would like to see the extended list and the methodology behind it.
5. Ondas Inc (NASDAQ:ONDS)
Stock Price: $$13.22
Number of Hedge Fund Holders: 34
Stock Upside Potential: 65.65%
Ondas Inc (NASDAQ:ONDS) is among the best Robinhood stocks under $20 to buy now. Ondas Inc (NASDAQ:ONDS) shares have gained more than 30% in the past month and surged more than 980% over the past year. The Street expects ONDS stock to keep going up over the next 12 months, amid growing interest in drone stocks as the Pentagon weighs funding the industry.
According to a Wall Street Journal report on May 27, the Trump administration is looking at funding a group of drone companies. The Pentagon is pursuing funding deals that would include debt and equity, with the goal of supporting domestic production of drones and lowering the cost of these products.
Ondas Inc provides autonomous drone systems for defense and homeland security, and the company is doing well in business. Ondas shares have soared on the back of strong Q1 2026 results. Revenue increased 10-fold year-over-year to $50.1 million, and pro forma backlog rose 570% quarter-over-quarter to $68.3 million. The company posted a net income of $361.2 million, compared with a net loss of $15.3 million a year ago.
Looking ahead, Ondas raised its full-year 2026 revenue expectation to at least $390 million, indicating a potential 670% YoY growth. The company expects global demand for autonomous systems to continue fueling its growth.
Ondas Inc (NASDAQ:ONDS) is a leading provider of autonomous systems and private wireless solutions to industrial and government customers. It provides automated drone platforms and robotic interceptors for defense and homeland security. It also builds private wireless networks for heavy industries to support secure and reliable communications.
4. Rivian Automotive Inc (NASDAQ:RIVN)
Stock Price: $16.30
Number of Hedge Fund Holders: 45
Stock Upside Potential: 13.42%
Rivian Automotive Inc (NASDAQ:RIVN) is among the best Robinhood stocks under $20 to buy now. On May 28, the US auto safety regulator, the NHTSA, said it is evaluating nearly 115,000 Rivian vehicles following reports about the potential issues with the rear toe link. This probe is focused on Rivian’s R1S and R1T models.
According to the NHTSA, two Rivian drivers reported that the left-rear toe link on their vehicles separated while driving. This resulted in a loss of steering control as the vehicles swerved across multiple lanes, leading to a collision in one incident.
Rivian believes that the part in question is operating as intended. Still, the company is cooperating with the regulator in the probe. The NHTSA is initially conducting a preliminary evaluation of the vehicles, which involves assessing the sensitivity of the toe link joint to road and service conditions. Additionally, the regulator will evaluate Rivian’s toe link repair procedure.
This probe comes when Rivian is working to expand its product lineup. Deliveries of the company’s all-new R2 model, a mid-size all-electric SUV, are set to start in Spring 2026. While the probe creates a regulatory overhang, Rivian’s inclusion rests more on its upcoming R2 launch and longer-term EV growth prospects.
Rivian Automotive Inc (NASDAQ:RIVN) is an American electric vehicle company. Its products include an all-electric SUV under the R1S brand, an all-electric pickup truck under the R1T brand, and an all-electric delivery van under the Rivian EDV brand. The company is expanding its portfolio with new models, including the R2 SUV model.
3. Snap Inc (NYSE:SNAP)
Stock Price: $5.71
Number of Hedge Fund Holders: 46
Stock Upside Potential: 33.63%
Snap Inc (NYSE:SNAP) is among the best Robinhood stocks under $20 to buy now. Analysts see more than 30% upside potential in Snap shares from the current level.
On May 27, S&P Global Ratings upgraded its credit rating on Snap Inc (NYSE:SNAP). It raised the company’s issuer credit rating to BB- from B+. The firm also reviewed its issue-level ratings on Snap’s unsecured notes, upgrading the rating to BB- from B+. It has a positive outlook on the notes.
For the ratings upgrade, S&P Global Ratings cited the company’s lower leverage amid improved operating and financial performance. Regarding leverage, the firm’s adjusted gross leverage for Snap dropped to around 4.7x for the 12 months through March 2026, from 6.7x a year ago. The firm further noted that Snap’s free operating cash flow to debt increased to 16.2% from 8.5% a year ago.
Looking ahead, S&P Global Ratings sees Snap’s leverage dropping as the topline continues to grow and profitability improves. It anticipates the company’s leverage dropping to around 4.0x in 2026 and going even lower to 2.5x in 2027. The rating firm sees Snap’s financial performance benefiting from expanding advertising sales, growth in subscription business, and cost-cutting efforts.
Snap Inc (NYSE:SNAP) is a technology and social media company. It is the parent of Snapchat, a visual messaging app with nearly a billion monthly users globally. The company also makes Spectacles AR glasses. Snap generates the bulk of its revenue from advertising sales.
2. SoFi Technologies Inc (NASDAQ:SOFI)
Stock Price: $18.22
Number of Hedge Fund Holders: 47
Stock Upside Potential: 14.36%
SoFi Technologies Inc (NASDAQ:SOFI) is among the best Robinhood stocks under $20 to buy now. SoFi Technologies shares have gained more than 10% in the past month, and analysts see more upside potential in the stock.
SoFi Technologies Inc (NASDAQ:SOFI) has launched its own stablecoin as it continues to expand the menu of financial products for its nearly 15 million members. On May 27, the company said its SoFiUSD stablecoin is already available on its banking app for members to buy, sell, or hold. The SoFiUSD launch comes at a time of growing interest in stablecoins for their stability and transaction speed.
The SoFiUSD is initially available on Ethereum and Solana networks, with support for additional blockchains planned for later. The stablecoin is backed by liquid assets and is redeemable on a one-to-one basis for US dollars.
SoFi Technologies offers a bevy of financial products and services to a growing base of members. The company CEO, Anthony Noto, said the launch of SoFiUSD stablecoin allows members to access digital assets right within the same app they already use for things like saving, investing, borrowing, and spending.
SoFi is adding a stablecoin to its product mix at a time when its business is continuing to grow.
SoFi Technologies Inc (NASDAQ:SOFI) is a digital-first financial services provider. It offers banking accounts, credit services, investment products, and payments processing. The company was founded in 2011 and is based in California.
1. Peloton Interactive Inc (NASDAQ:PTON)
Stock Price: $6.40
Number of Hedge Fund Holders: 52
Stock Upside Potential: 24%
Peloton Interactive Inc (NASDAQ:PTON) is among the best Robinhood stocks under $20 to buy now. Peloton shares are up more than 19% over the past month, and the Street sees more upside in the stock.
On May 27, Telsey Advisory Group reaffirmed its Market Perform rating on Peloton Interactive Inc (NASDAQ:PTON) stock with a price target of $6 on the shares. The firm based its decision on Peloton’s improved balance sheet and expected growth as the company unlocks new revenue streams.
According to Telsey, Peloton’s March quarter results exceeded expectations, and the company’s balance sheet improved significantly. Peloton reported a 41% YoY increase in adjusted EBITDA and a 70% reduction in net debt during the quarter.
Telsey noted that Peloton’s content licensing deal with Spotify and commercial sales have the potential to become bigger revenue sources. Peloton has struck a deal to distribute its exercise-focused content through Spotify’s platform. It also introduced commercial-grade exercise equipment for gyms. Additionally, the company is expected to introduce new products later in the year at more accessible pricing.
Peloton Interactive Inc (NASDAQ:PTON) makes exercise equipment and provides media materials that go along with the equipment. Its products include treadmills, stationary bikes, and indoor rowers. Additionally, the company provides live and on-demand fitness classes that users can access directly on its exercise machines.
While we acknowledge the potential of PTON 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 PTON and that has 100x upside potential, check out our report about the cheapest AI stock.
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