10 Best Meme Stocks to Trade in April 2025

Meme stocks are having a revival since the central figure in the meme stock craze of 2021 that sent GameStop shares skyrocketing, Keith Gill, alias Roaring Kitty, resurfaced on social media.

After three years of silence, Gill made a cryptic post on the social media platform X in May 2024. Just like back in 2021, the post sparked huge gains in GameStop shares. In addition to the video game retailer, the stock prices of AMC Entertainment, Blackberry, Hertz and SunPower also surged. In the past nine months repeated posts by the meme-stock influencer also sent the prices of pet product retailer Chewy and video game development firm Unity Software.

Meme stocks are a risky bet, at best, because they’re often unprofitable, and meme investors could easily see their shares crash in a moment of volatility. Meme stocks remain highly speculative and require a cautious approach when considering trading or investing in these stocks hyped by social media.

However, there are some meme stocks, often heavily shorted, that have the potential of being good long-term investments. We compiled a list of 10 meme stocks that are trending right now. Because they are targeted by short sellers and speculators, it’s impossible to tell, though, whether their share price is going to go up or down. Read on to see our picks of the meme stocks worth watching:

A closer look at these trending meme stocks

Let’s take a deep dive into the popular target stocks by short sellers you could consider trading in 2025. But be aware of the high risk and do your due diligence before you do.

1. Block: Benefitting from AI efficiency

The US fintech’s shares have dropped more than 28% so far this year, but the stock remains a meme favorite and is the No. 4 stock on AltIndex’s trending meme stocks list. The company received good news recently when its Financial Square Services branch got approval from the Federal Deposit Insurance Corporation (FDIC) to begin offering the consumer loan product Cash App Borrow.

In fiscal 2024, the company reported earnings per share (EPS) of $4.56, compared to EPS of $0.02 in 2023. Revenue was $24.2 billion for the year, up 10% from the prior year. Gross profit rose 18% to $8.89 billion.

The company appears to be benefitting from AI as it uses it to reduce mechanical tasks for its customers and itself. It retooled its Square platform from a payments system to commerce platform, adding in-store and online commerce products for businesses.

_{Your capital is at risk. Past performance does not indicate future results.}

---

2. Coinbase: Diversifying its revenue stream

The changing regulatory landscape in the US under the Trump Administration is expected to be particularly favorable to the crypto industry and that helps Coinbase. The stock has fallen more than 19% this year, but that has more to do with what is likely a temporary swoon for Bitcoin. Coinbase, which has more than 108 million customers, holds 12% of the total supply of Bitcoin.

In the fourth quarter, it reported strong earnings that beat estimates. Revenue rose 142% year over year to $2.23 billion, and EPS jumped to $4.68 from $1.04 EPS a year earlier. Total trading volume rose 185% year over year to $439 billion. Full year revenue increased 111% to $6.6 billion, with transaction revenue rising 162% to $4.0 billion. Subscription and services revenue totaled $2.3 billion, up 64% from 2023.

The company is taking pains to diversify its revenue stream and said that 68.5% of its income came from trading, most of which came from retail traders. The push is to see more revenue from its subscription and services business, including stablecoins, staking, custody and its Coinbase One product.

In the first quarter of 2025, the company said it had, as of Feb. 11, $750 million in transaction revenue, and expected quarterly subscription and services revenue to be between $685 million and $765 million.

_{Your capital is at risk. Past performance does not indicate future results.}

---

3. Robinhood: Riding along the meme stock phenomenon

Robinhood is a meme stock because of its popularity as a discount broker favored by Millennial and Gen Z retail traders. Its shares are up more than 28% so far this year. With younger retail traders expected to grow their investments, Robinhood stands to gain from that trend.

The company, similarly to Block, gets strength from being an innovator. It recently has added a number of new products, including a betting markets hub, the sale of index options, an improved mobile futures trading platform and Robinhood Legend, its new desktop trading platform.

Robinhood is coming off a stellar fourth quarter and year. Its revenue jumped 115% in the fourth-quarter from the same period a year earlier to $1.01 billion. Full-year revenue was up 58% to $2.95 billion. It also had a company record $916 million in net income in the fourth quarter, rising 2,953% over the same period a year earlier, and EPS of $1.01, which rose 726% on the year. Full-year net income rose 360% to $1.41 billion, and EPS was up 270% to $1.85.

The company is firmly in growth mode with its $200 million purchase of crypto platform Bitstamp and its $300 million purchase of TradePMR, a custodial and portfolio management platform for Registered Investment Advisors.

_{Your capital is at risk. Past performance does not indicate future results.}

---

4. Reddit: Turning its large user base into revenue

Reddit is at the center of the meme stock craze because its users help hype stocks, including its own. The social media site is a little more than one year old as a publicly traded company. Its shares have risen more than 264% since its IPO on March 20, 2024. However, its shares have taken a more than 25% haircut so far this year. The concern for investors is that the social media platform is strongly reliant on Google’s search referrals.

While its customer growth has slowed, the company is still seeing big gains in this regard, and it’s looking to improve revenue by increasing more direct traffic to its site. In the fourth quarter, revenue grew 71% year over year to $427.7 million, while net income climbed 283% from the same period last year to $71 million.

For the entire year, revenue totaled as $1.3 billion, up 62%, led by an ad revenue jump of 50% over 2023. However, the jump up to a public company meant added expenses and for the year, Reddit lost $484.3 million after losing $90.7 million in 2023.

The key for Reddit is finding more ways to drive revenue from its large user base. It grew daily active users by 39% year over year in the quarter to 101.7 million. Going forward, it is projecting 2025 first-quarter revenue between $360 million to $370 million, and adjusted EBITDA between $80 million to $90 million. Last year, in the first quarter, it had revenue of $243 million and an adjusted EBITDA loss of $50.2 million.

_{Your capital is at risk. Past performance does not indicate future results.}

---

5. DoorDash: Seeking to deliver new revenue growth in the post-pandemic world

DoorDash boomed during the pandemic because its food delivery platform was ideal for the increased number of at-home workers and the unavailability of in-person restaurant service in many US locations. The company appears to be finding a second act, though, as it branches out from food delivery to delivering supplies and groceries, as well as its core restaurant delivery systems.

The company has recently announced a deal with discount store chain Dollar General (NYSE: DG), known for its ubiquitous presence in the US market. The agreement means that DoorDash will be able to deliver same-day groceries, cleaning supplies and other household items from more than 16,000 Dollar General stores with SNAP/EBT payment capabilities. The move comes after other DoorDash partnerships with grocery/pharmacy chain Albertsons and Home Depot, the world’s largest home improvement chain.

After a post-COVID lull, DoorDash appears to be bouncing back financially. In the fourth quarter, it posted revenue of $2.9 billion, up 25% year over year, and net income of $141 million, compared to a loss of $154 million in the same period a year earlier. It had 685 million orders, up 18% year over year, which the company attributed to added merchant selection, and a greater wealth in categories.

For the full year, it reported revenue of $10.7 billion, up 24.2%, and EPS of $0.29 after a loss per share of $1.42 in 2023. The big question for investors is not whether DoorDash will continue to see growth but whether the stock, trading at nearly 696 times earnings after climbing by 18% so far this year, is worth its current price.

_{Your capital is at risk. Past performance does not indicate future results.}

---

6. Nvidia: Off its all-time highs, it may be priced for a long-term buy

Nvidia is the industry leader in high-end GPUs, prized by hyperscale cloud providers and generative AI model developers. The growth in AI and data centers lifted the stock to be the largest in the world by market cap last year and briefly again early this year. Currently, it ranks No. 3 behind Apple and Microsoft, after its share price has fallen 13% so far this year. Concerns about the impact of tariffs the Trump Administration introduced have weighed down the stock.

That drop presents a buying opportunity because Nvidia still holds a huge edge in quality GPUs. It has recently released its new Blackwell Ultra and Rubin GPU chips, used in a variety of ways as AI chips. Nvidia CEO Jensen Huang said he expects his company to reach $1 trillion in data center infrastructure revenue by 2028, and that doesn’t count Nvidia’s other segments, such as Gaming and AI PC, Professional Visualization, and Automotive and Robotics. 

In the fourth quarter of fiscal 2025, Nvidia had revenue of $39.3 billion, which rose 78% year over year, and 12% sequentially. EPS was $0.89, rising 82% from the same period a year ago, and 14% from the third quarter. For the year, revenue climbed 114% to $130.5 billion, and EPS was up 147% to $2.94.

Because its stratospheric rise has been fueled by huge revenue and EPS gains, Nvidia isn’t a traditional meme stock that is purely driven by hype. However, as some commentators have pointed out, it trades in many ways like a meme stock because the enthusiasm around the company has driven its shares to be more volatile.

_{Your capital is at risk. Past performance does not indicate future results.}

7. Gap: Sizing up a rebound opportunity

The clothing retailer has been in the midst of a turnaround started by new CEO Richard Dickson in 2023. The company, like GameStop, is a bit of a meme stock because of its nostalgic popularity with baby boomers, members of Gen X, and some older millennials, who remember the company’s heydays in the early 1990s.

The company has improved revenue for three consecutive quarters and risen in market share for eight consecutive quarters. While the stock is down more than 7% this year because of tariff concerns, it’s worth noting that according to Dickson, less than 1% of its combined product comes from Canada and Mexico and less than 10% of its clothing comes from China.

In the fourth quarter, Gap posted revenue of $4.1 billion. While that was down 1% year over year, there was one less week in 2024 in the quarter compared to 2023. In comparable sales, the company actually saw a 3% rise in revenue. For the year, sales rose 1% to $15.1 billion. EPS for the fourth quarter was $0.54, up 10% year over year. Full-year EPS rose 64.2% to $2.20.

The stock is down 8% so far this year, but that also means that trading at less than 10 times earnings, it appears to be well priced. The company’s guidance, which pointed to as much as 2% gain in sales this year, also encouraged investors.

_{Your capital is at risk. Past performance does not indicate future results.}

---

8. Alibaba: Solid revenue growth, spectacular profit increases

Tariff concerns and a sluggish Chinese economy haven’t dimmed interest in the tech and e-retail company, with its shares up 56% so far this year. It remains the largest e-commerce site in China, and there are a lot of people (more than 1.4 billion) in China.

In the December quarter, it had revenue of $38.4 billion, which rose 8% year over year, and net income of $6.7 billion, up 333% from the same year-earlier period. EPS was $0.35, up 261% year over year.

The US limits on sending technology to China may be helping Alibaba. The Ant Group, a subsidiary of Alibaba, reported that it’s using chips made by Alibaba and Huawei to build efficient AI models at a lower cost than Nvidia.

Alibaba’s tech expertise recently led to a deal with BMW to combine their efforts to bring AI technology to electric vehicles in China. Alibaba CEO Eddie Wu is pushing the company on expanding its AI footprint, vowing to spend more than $52 million on data centers and other AI infrastructure over the next three years. Wu said in February that the pursuit of more AI is now the company’s “primary objective.”

_{Your capital is at risk. Past performance does not indicate future results.}

---

9. Super Micro Computer: Meme stock with huge growth, huge opportunities

Super Micro provides IT products for AI, cloud, storage and 5G/edge. It’s really tied to the growth of data centers as it provides servers and racks for data centers and other items connected with high-performance server technology and data center services.

The stock is a meme stock because of its strong momentum and its ties to data center and AI. Its shares are up more than 33% this year. The company posted revenue of $14.9 billion in 2024, slightly more than double what it posted in 2023. Full-year EPS was $20.09, compared to $11.43 in 2023.

The company has recently released preliminary second-quarter fiscal 2025 numbers that show it expects quarterly sales of between $5.6 billion and $5.7 billion, up 54% year over year, at the midpoint. However, it forecasts EPS to be between $0.50 to $0.52, flat compared to the same period last year. It also cut its full-year 2025 fiscal year revenue forecast to be between $23.5 billion and $25 billion compared to its earlier guidance of between $26 billion and $30 billion.

A lot of investors have jumped on the Super Micro bandwagon, but thanks to its earnings rise, it’s trading at only 17 times earnings, so it doesn’t appear to be overpriced.

_{Your capital is at risk. Past performance does not indicate future results.}

10. Spotify: The sound of money and music

Streaming represents 84% of all recorded music revenue in the world and Spotify is at the pinnacle of streaming services, with 675 million total active monthly users, and a library that includes more than 100 million songs and 6 million podcast titles, from record labels and media companies.

The company has both a free service, with advertisements and limited control for users and paid subscriptions that allow unlimited commercial-free listening to its music and podcasts.

The stock is a meme stock, both because of Spotify’s popularity with younger investors and because it has big momentum, with its shares up more than 37% so far this year. It trades for an incredibly high price/earnings ratio of 106.365.

In the fourth quarter, the company said it had revenue of €4.2 billion, which rose 16% year over year, and 6% over the third quarter. That increase was driven by higher revenue from its premium service, which climbed 17% year over year to €3.7 billion, aided by an 11% increase in subscribers compared to the same quarter a year ago. Operating income grew to 477 million, compared to a loss of 75 million in the fourth quarter of 2023. The last detail shows why investors are piling into the stock as it has gone, in just a few years, from a growth stock that lost money to a growth stock that is profitable.

_{Your capital is at risk. Past performance does not indicate future results.}

---

What is a meme stock?

A meme stock is a company whose shares rise in popularity and price, primarily due to online hype and social media buzz rather than traditional financial analysis.

Online communities, such as Reddit’s r/wallstreetbets, often champion certain meme stocks in the hope of creating a short squeeze, where short sellers are forced to scramble to buy and cover their positions when the stock is driven higher.

The name “meme stock” comes from the phenomenon of viral memes that trend online. Meme stocks can take off in a dramatically short period and plummet just as quickly.

While not all meme stocks are of companies that are underperforming, the term is generally attached to soaring stocks whose price rise isn’t supported by its earnings or profitability.

The meme phenomenon exists in the world of cryptocurrencies, too, with meme coins getting investors’ attention on the back of viral social media posts and discussions.

The history of meme stocks

Irrational exuberance over certain shares has been around as long the fear of missing out has had an impact on markets. The best early example was the rise and fall of the Tulip Mania in the Dutch Republic from 1634 to 1637.

However, modern meme investing got its start when Robinhood introduced commission-free trading in 2015. Other brokerages soon followed suit and that opened the door for younger, less-affluent investors.

During the early part of the pandemic in 2020, more people were stuck at home due to lockdowns. People had more extra cash with little to spend it on. A lot of them developed an interest in retail investing, fueled by social media sites such as Reddit or Stocktwits.

Some of those investors, including Gill “Roaring Kitty,” in a concerted effort, targeted heavily shorted companies, such as GameStop, AMC Entertainment, BlackBerry and Bed, Bath & Beyond, to create a short squeeze. That means, they forced hedge funds that were consistently short-selling these stocks anticipating that their prices would drop, to cover their positions, as the exact opposite happened. They had to quickly buy these shares to limit their losses.

AMC Entertainment, in early 2021, for example, was close to bankruptcy, thanks to COVID-19 lockdowns and needed capital. Its shares fell to as low as $1.91. From Jan. 25 to Jan. 27, the stock was prominently talked about on Reddit’s r/wallstreetbets and retail investors urged each other on to bet against short sellers of the stock, triggering a short squeeze that lifted it by more than 300%. AMC was able to capitalize on its stock’s rise by selling additional shares and ultimately was able to stave off bankruptcy.

What triggered the latest meme stock hype was a new social media post by investor Gill, “Roaring Kitty,” who helped create the first meme surge in 2021. His reemergence after a three-year hiatus stoked rallies in the prices of the original and some new meme stocks that had high levels of short interest.

One caveat, though, is that hedge funds are better prepared for dealing with short squeezes this time around. Many funds use algorithms to capture price momentum and are better suited to jump in and benefit from the rallies before they are well known, then get out before a stock’s price collapses.

Conclusion

Meme stocks come in all shapes and sizes, and while there is a lot of risk with any stock that has seen huge share gains in a short time, being a meme stock doesn’t inherently make it a bad long-term investment. Some of the best meme stocks are just seeing huge share price growth and investors have caught on to that.

The key to investing in meme stocks is to do it based on extensive research, not with a FOMO outlook. These shares are highly speculative, and a lot of caution is warranted.

Make sure the reason for a stock’s surge is sustainable and based on fundamentals rather than hype around a stock. If the growth is warranted and the company has a business edge, a high price-to-earnings ratio alone isn’t a reason to stay away from a promising stock, though it makes sense to wait for a dip before buying it.

---

References

AltIndex meme stock list

Block fourth-quarter earnings

Coinbase fourth-quarter report

Robinhood fourth-quarter report

Reddit fourth-quarter report

DoorDash fourth-quarter report

Nvidia fourth-quarter and fiscal 2025 earnings

GAP fourth-quarter report

Alibaba December quarter data

Alibaba’s deal with BMW

Super Micro Computer preliminary second-quarter update

Spotify fourth-quarter update

---

FAQs