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5 Best Meme Stocks to Buy in Q1 2025
Invezz’s expert analysts pick our favourite meme stocks. Find out what the best stocks have in common, why each stock has been chosen, and why we’re bullish about their future.
What are the top meme stocks to buy?
Copy link to sectionHere are our picks for the best meme shares this year. You can find their latest stock price by following the links in the table, or scroll down for more information on each company.
| # | Stock symbol | Company name | Learn more |
|---|---|---|---|
| 1 | GME | GameStop Corp. | Learn more > |
| 2 | AMC | AMC Entertainment Holdings Inc. | Learn more > |
| 3 | BB | BlackBerry Ltd. | Learn more > |
| 4 | CLOV | Clover Health Investments Corp. | Learn more > |
| 5 | SPCE | Virgin Galactic | Learn more > |
1. GameStop Corp. (NYSE: GME)
Copy link to section- Market Cap: $9.9 billion
- Forward Revenue Growth: -11.65%
- Trailing P/E Ratio: 313
- 2024 YTD Performance: 41%
- Stock Price: $24.8
GameStop, a company selling video games and accessories, has become the most popular meme stock in Wall Street. It gained popularity in 2021 as Reddit users started pumping the stock, leading to a major short squeeze that pushed it from $4.7 in December 2020 to over $120.
GameStop became an ideal meme stock because its business has been going through major issues, which pushed many investors to short it. At the time, it had a short interest of over 30%.
GME shares then crashed after its first short squeeze as the momentum faded. It then rebounded sharply in 2024 after Roaring Kitty returned to social media. It moved from about $10 to almost $70 in May 2024.
This performance makes GameStop one of the most popular meme stocks in the industry. Still, fundamentally, the company’s business is still slowing as more people opt for online video game downloads.
Its most recent financial results showed that revenue tumbled to $884 million in the first quarter of 2024 from $1.2 billion a year earlier and this trend could continue. GME, however, has a strong balance sheet with over $1 billion in cash and short-term investments and no debt.
2. AMC Entertainment (NYSE: AMC)
Copy link to section- Market Cap: $1.7 billion
- Forward Revenue Growth: 9.8%
- Trailing P/E Ratio: N/A
- 2024 YTD Performance: -23%
- Stock Price: $4.7
AMC Entertainment, the biggest theater chain in the United States, is another popular meme stocks in Wall Street. It is a popular name because of the challenges its business has gone through in the past few years.
AMC was deemed a non-essential business during the Covid-19 pandemic, forcing it to close its stores. It then loaded up debt, with its total debt soaring to over $5.4 billion and its leases jumping to over $5 billion.
AMC was one of the most shorted companies in Wall Street. In the past few years, it has become one of the most dilutive names as it has continued raising equity to pay its debt. It also struggled after the Hollywood strikes in 2023, which have affected movie releases this year.
AMC Entertainment, like GameStop, also surged by almost 90% from its lowest level in 2024 as GameStop’s shares soared. It also became one of the most trending names in social media platforms like StockTwits and Reddit.
3. BlackBerry Ltd. (NYSE: BB)
Copy link to section- Market Cap: $1.61 billion
- Forward Revenue Growth: 0.3%
- Trailing P/E Ratio: N/A
- 2024 YTD Performance: -22%
- Stock Price: $2.73
BlackBerry is another top meme stocks to consider. Like GME, the stock soared from $4.47 in November 2020 to $28.76 during the meme stock frenzy of 2021. It then lost momentum and crashed to a low of $2.73 in 2024.
At its peak, BlackBerry was one of the most popular technology companies in the world. Its smartphones were among the most popular because of their security. Since then, the company has transformed to become a leading player in the cybersecurity and Internet of Things (IoT) industry.
BlackBerry’s business has been slowing for a long time. Its revenue has dropped from $1.04 billion in 2020 to $853 million in the last financial year. It has also become a highly unprofitable company, generating a net loss of over $130 million in the last financial year.
BlackBerry’s balance sheet has deteriorated over the years. Its cash and short-term investments have moved from $909 million in 2019 to over $237 million in the last financial report. Therefore, fundamentally, the company will continue to face substantial challenges as its key businesses slow.
4. Clover Health Investments (NASDAQ: CLOV)
Copy link to section- Market Cap: $489 million
- Forward Revenue Growth: -26%
- Trailing P/E Ratio: N/A
- 2024 YTD Performance: 3.5%
- Stock Price: $0.99
Clover Health Investments is another top meme stock in Wall Street with a market cap of over $489 million. Like other meme stocks, Clover Health’s shares jumped from $6.3 to $28.85 during the meme stock frenzy. Since then, the stock has tumbled hard and moved below the key support level at $1.
Clover Health, unlike other meme stocks, has grown substantially in the past few years. It has moved from $454 million in 2019 to over $2.036 billion in the last financial year. Revenue in the trailing twelve months (TTM) has jumped to over $2.05 billion.
Clover Health’s business did well as the number of customers seeking its Medicare insurance solutions continued rising. However, the company has continued to make losses as it continued to fund growth.
Clover Health’s business has more room to grow, which is a sign that the stock could rebound in the coming years. Besides, the management has signalled that it will become profitable in the next few years.
5. Virgin Galactic (NYSE: SPCE)
Copy link to section- Market Cap: $330 million
- Forward Revenue Growth: -11%
- Trailing P/E Ratio: N/A
- 2024 YTD Performance: -67%
- Stock Price: $0.80
Virgin Galactic is another top meme stock in Wall Street. In early 2021, the stock jumped from $14.4 to $57.45 within a few weeks. It then suffered a harsh reversal as the company moved from one crisis to another.
It has been a cash incinerator that has lost billions of dollars in the past few years and is at risk of running low of cash in the next few years.
Virgin Galactic’s net loss jumped to over $502 million in 2023 after losing over $500 million a year earlier. Its net loss jumped from over $215 million in 2018 and this trend will continue.
Virgin Galactic still has a high short interest as its stock trades at a record low. It is also one of the riskiest companies because it is no longer making any money. Worse, Richard Branson, the company’s founder, has ruled out providing more money to the company.
Where to buy the best meme shares
Copy link to sectionIf you want to dive in and get your own shares right away, then these brokers are the place to start. They’re all excellent platforms for beginners and you can use our reviews to get the lowdown on the features they offer.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
What is a meme stock?
Copy link to section‘Meme stocks’ are essentially shares that go viral online. It’s a catch-all term for stocks whose popularity and price is driven by casual investors on the internet. They are usually stocks that were picked out by posters on Reddit or Twitter who are famously brash and tend to use memes as part of their ‘analysis’. Most famously, to predict that the price is going ‘to the moon’.
Are meme shares a good investment?
Copy link to sectionIn moderation they certainly can be. These stocks are some of the most volatile on the market, and often based on hype rather than any hard financial results. However, the meme stocks our experts picked out all have a genuine reason to be bullish about them at their core.
As long as you go in with your eyes open and understand that the value of your investment might fall significantly, they can be a good addition to your portfolio. The safest way to use them is as part of a balanced group of stocks, with less risky, more defensive stocks acting as a makeweight for the volatile nature of these companies.
The other important thing to note about them is that they can move fast. All of the stocks on this list have seen huge daily swings, far beyond what companies usually experience. You need to be plugged in to the latest news to make sure you don’t miss anything important.
Methodology: How we choose the best meme stocks
Copy link to sectionAt Invezz, our mission is to empower our readers with the most accurate and reliable financial information. Our curated selection of the best stocks in specific industries is designed to provide investors with well-researched, expertly reviewed stock recommendations. Our team follows a rigorous process to ensure our readers receive high-quality, trustworthy stock selections.
- Initial screening. Our team of experienced stock market analysts conducts an initial screening of stocks within the chosen industry. This involves analyzing a broad range of companies based on key financial metrics such as revenue growth, profitability, debt levels, and market capitalization.
- Earnings reports and financial analysis. Analysts review the latest earnings reports of shortlisted companies. This includes a detailed assessment of financial statements, looking for consistent earnings growth, strong balance sheets, and positive cash flow trends. Special attention is given to year-over-year performance and quarterly results.
- Sector analysis. A comprehensive sector analysis is conducted to understand the macroeconomic factors affecting the industry. This includes examining market trends, competitive landscape, regulatory changes, and technological advancements. Our analysts utilize industry reports, market research, and economic forecasts to gain a holistic view of the sector.
- Analyst recommendations. We consider recommendations from reputable sources such as Barron’s and Zacks. These sources provide expert opinions and ratings on stocks, which serve as an additional layer of validation for our selections. Incorporating external analyst recommendations ensures that our curated stocks are backed by a consensus of expert views.
- Internal review. After the initial selection by our analysts, the chosen stocks are reviewed by a sub-editor. The sub-editor ensures that the analysis is clear, concise, and adheres to Invezz’s editorial guidelines. This review process helps maintain the quality and readability of our content, making it accessible to a broad audience.
- Quarterly updates. To ensure our stock recommendations remain relevant and up-to-date, we update the curated section quarterly. Each update cycle involves re-evaluating the stocks based on the latest financial reports, industry developments, and market conditions. This regular update process ensures that our recommendations reflect the most current information available.
Our approach combines expert analysis, comprehensive research, and regular updates to deliver reliable and insightful investment recommendations. Read more about our review process and editorial policy.
