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4 Undervalued Meme Stocks to Watch In 2023
With the recent surge in meme stocks, there's been a lot of talk about which ones are worth investing in. While some of the more popular meme stocks have already seen their prices skyrocket, there are still plenty of undervalued meme stocks out there that could be worth watching in 2023. Below, we've compiled a list of four undervalued meme stocks to keep an eye on next year including $EXPE, $AMC, $TLRY, $BB & more. Who knows, one of them could be the next surge, when Stock Region alerted GME and Dogecoin back in the year of 2020!
1. $SNAP - Snap Inc.
2. $TWTR - Twitter Inc.
3. $VKTX - Vaktix International Ltd.
4. $PTON - Peloton Interactive Inc.
These are all meme stocks that have been growing in popularity over the past year but are still relatively undervalued compared to some of the other more well-known meme stocks. So, if you're looking to get in on the action but don't want to overpay, these are four stocks to keep an eye on in 2023. Who knows, one of them could be the next big thing.
Crocs is one of the most popular meme stocks out there, and for good reason. The company has been on a tear lately, reporting strong earnings and seeing its stock price soar. Crocs is a great example of a meme stock that actually has some underlying fundamentals to support its rise. With the company's strong performance of late, Crocs is definitely one to watch in 2023.
AMC Entertainment (NYSE: AMC) is one of the world's largest movie theater chains, with over 11,000 screens across the globe. The company has been struggling in recent years, as streaming services have taken away customers and caused AMC to declare bankruptcy in 2020. However, AMC has made a strong comeback in 2021, as the company has reopened most of its theaters and customers are returning. AMC stock is up over 400% so far in 2021, and the company is one of the most popular meme stocks on Reddit. AMC could continue to rise in the coming year as the company benefits from the return of customers and the release of new movies.
Dogecoin is a meme-based cryptocurrency that was created in 2013. It began as a joke but has since grown into a fully-fledged cryptocurrency with a market capitalization of over $6 billion. Dogecoin is popular among investors for its low price and high potential for growth. While the price of Dogecoin is currently around $0.05, some experts believe it could reach $1 or even $10 in the next few years. If you're looking for an undervalued meme stock to watch in 2023, Dogecoin is definitely one to keep an eye on.
GameStop is one of the most popular meme stocks out there, and for good reason. The company has been on an absolute tear lately, with its stock price rising more than 1,000% over the past year.
And it doesn't look like GameStop is slowing down anytime soon. The company is expected to report strong earnings growth in the coming years, making it a stock to watch in 2023.
So, if you're looking for meme stocks to buy, GameStop is definitely one to keep on your radar.