These 3 Meme Stocks Have Legitimate Long-Term Upside
It doesn't take an investor long to learn that successful investing is a lot more than a popularity contest. Blindly following the herd and buying shares of frequently discussed stocks is a surefire way to rack up big losses.
But that doesn't mean that all popular stocks are poor investments. While many "meme stocks" that are the subject of hot chatter on social media sites represent extremely risky propositions, others are valid choices for patient investors. So while Rivian Automotive (NASDAQ: RIVN), the ARK Innovation ETF (NYSEMKT: ARKK), and IBM (NYSE: IBM) have achieved meme status based on how many people are talking about them, they're also viable options with ample long-term potential.
Few industries charge up investors' excitement as much as electric vehicles (EVs). The number of EVs on American roadways has soared recently, mainly due to Tesla. With shares of Tesla soaring more than 4,000% over the past decade, many have searched for the next EV stock that can deliver similar returns. And they've found that potential in Rivian, a manufacturer of electric pickup trucks.
Source Fool.com
International Business Machines Corp Stock
We see a rather positive sentiment for International Business Machines Corp with 14 Buy predictions and 1 Sell predictions.
With a target price of 183 € there is a slightly positive potential of 8.64% for International Business Machines Corp compared to the current price of 168.44 €.
