The 5 Best Meme Stocks for February 2026

What Are Meme Stocks?

A meme stock refers to a publicly listed company that is trending among retail traders on social media. Reddit and Telegram channels are among the favorite social media platforms for retail traders to engage in social trading, in-depth discussions, and short-term price speculation.

Trading in meme stocks is similar to a pump-and-dump scheme, which is illegal, but to date, regulators have tolerated the meme craze. Retail investors band together and agree to buy a beaten-down stock, often a well-known penny stock with high institutional short interest. It has created massive market volatility and, in some cases, sparked a short squeeze.

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Why Should You Consider Buying Meme Stocks?

Meme stocks trade at depressed levels for a reason, and traders must understand why their share prices are where they are.

Here are some criteria to consider:

• See whether it is a well-known company that has played a role in trader’s lives and invokes nostalgia (for example, Krispy Kreme, Avis, and GameStop)
• Check if there is high interest from retail traders on social media
• Follow popular social media channels, and try to catch the first wave of buy orders
• Ensure you place a stop-loss order when you enter your buy order
• Only use capital that you can afford to lose

What Are the Downsides of Meme Stocks?

Meme stocks are high-risk, short-term gambles, and many institutional traders heavily short them. Traders can lose their capital in a matter of seconds if they enter at the wrong time. Meme stocks experience excessive volatility, characterized by sharp rallies and even sharper sell-offs. They often suffer from depressed share prices and are mostly penny stocks trading below $5 per share.

Here is a shortlist of attractive meme stocks:

• IonQ (IONQ)
• MicroVision (MVIS)
• Bloom Energy (BE)
• BlackBerry (BB)
• Roblox (RBLX)

An Update on Our Previous Best Meme Stocks to Buy Now

In our previous installment, I highlighted the upside potential of Plug Power and Koss Corporation.

• Plug Power (PLUG) - A long position in PLUG between 1.82 and 2.05

PLUG rallied over 33%, and my stop-loss at 2.50 was triggered, resulting in a 25% profit.

• Koss Corporation (KOSS) - A long position in KOSS between 4.26 and 4.49

KOSS initially rose by 12% before trending back into its horizontal support zone. I keep holding this meme stock through the volatility, as the reasons for my bullish call remain intact.

IonQ Fundamental Analysis

IonQ (IONQ) develops quantum computers of various qubit capacities. It also engages in quantum-safe networking and quantum detection systems, offers quantum key distribution systems, quantum random number generators, and single-photon detectors.

I am bullish on its technology leadership after achieving 99.99% two-qubit gate fidelity, a world record. It also delivered 220%+ revenue growth, which I expect to continue, driven by its cloud integration to ensure accessibility to quantum computing. I am equally bullish on its strategic partnerships, including AstraZeneca for drug discovery, NVIDIA, DARPA’s $81.3M contract, and EPB for the first US quantum hub. Its cash reserves suffice to fund IonQ until it can further improve revenues and profitability.

IonQ Fundamental Analysis Snapshot

The IONQ price-to-earnings (P/E) ratio is unavailable.

The average analyst price target for IonQ is 74.89. It suggests excellent upside potential with manageable downside risks.

IonQ Technical Analysis

Table of Prices IonQ

• The IONQ D1 chart shows price action breaking out above its descending Fibonacci Retracement Fan.
• It also shows IonQ inside a horizontal support zone.
• The Bull Bear Power Indicator is bearish with an ascending trendline.

My IONQ Long Stock Trading Recommendation

• IONQ Entry Level: Between 38.00 and 42.16
• IONQ Take Profit: Between 76.13 and 84.64
• IONQ Stop Loss: Between 24.93 and 27.83
• Risk/Reward Ratio: 2.92

MicroVision Fundamental Analysis

MicroVision (MVIS) develops perception software for industrial, automotive, and defense markets. They include MAVIN, a MEMS-based long-range sensor for small-object detection, and MOVIA, a flash-based short- to mid-range sensor. It also develops LIDAR sensors for non-automotive industrial markets.

MicroVision landed on my radar after securing a strategic commercial order for its MOVIA L sensors in the defense sector. It maintains complete control over production via its in-house manufacturing, resulting in cost efficiency and scalability. MVIS plans to begin production of its next-generation MOVIA S sensor in Q4 2026, offering enhanced performance and broader market potential. I am equally bullish on its expanding presence in the autonomous driving sector.

MicroVision Fundamental Analysis Snapshot

The MVIS price-to-earnings (P/E) ratio is unavailable.

The average analyst price target for MicroVision is 2.50. It suggests excellent upside potential with fading downside risks.

MicroVision Technical Analysis

Table of prices MicroVision

• The MVIS D1 chart shows price action breaking out above its descending Fibonacci Retracement Fan level.
• It also shows MicroVision inside a horizontal support zone.
• The Bull Bear Power Indicator is bearish with a positive divergence.

My MVIS Long Stock Trading Recommendation

• MVIS Entry Level: Between 0.75 and 0.80
• MVIS Take Profit: Between 1.31 and 1.38
• MVIS Stop Loss: Between 0.55 and 0.63
• Risk/Reward Ratio: 2.80

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