These 3 Meme Stocks Have Legitimate Long-Term Upside
Many conversations regarding "meme stocks" revolve around GameStop, AMC Entertainment, or other struggling companies. That's because those stocks were volatile, heavily shorted, and ripe for short squeezes fueled by social media hype.
However, those meme stocks were generally short-term plays that rewarded nimble traders who simply took the money and ran. Investors who got too greedy often ended up with the short end of the stick. That said, there are still some meme stocks that can also be considered worthwhile long-term investments. I believe these three picks -- Palantir (NYSE: PLTR), BlackBerry (NYSE: BB), and Lucid (NASDAQ: LCID) -- might have plenty of upside potential for growth-oriented investors.
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Source Fool.com