13 Best Meme Stocks To Buy Right Now

10. BlackBerry Limited (NYSE:BB)

Number of Hedge Fund Holders: 23

Ranking 10th on our list of the best meme stocks, BlackBerry Limited (NYSE:BB) provides advanced security software and services for businesses and governments worldwide. After selling its phone licensing rights in 2023, BlackBerry shifted its focus entirely to software and cybersecurity. Now, its core business revolves around secure communications and the Internet of Things (IoT). On January 10, RBC Capital Markets revised its outlook on BlackBerry, raising the stock’s price target from $3.25 to $4 while maintaining a Sector Perform rating. The decision came after a meeting with BlackBerry’s management at the Consumer Electronics Show.

In the third quarter of fiscal year 2025, BlackBerry Limited (NYSE:BB) reported $162 million in revenue, outperforming its previously projected range. This growth was driven by wins in the government sector and major deals in financial services, including renewals and expansions with top global banks like Germany’s KfW. The company also achieved positive operating and free cash flow of $3 million one quarter ahead of schedule, marking a $34 million improvement in operating cash flow compared to the same period last year.

According to Insider Monkey’s fourth quarter database, 23 hedge funds were bullish on BlackBerry Limited (NYSE:BB), an increase from 15 funds in the previous quarter. Prem Watsa’s Fairfax Financial Holdings was the biggest shareholder of the company, with over 46.7 million shares worth $176.6 million.