5 Best Meme Stocks To Buy Now

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1. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 72

Tesla, Inc. (NASDAQ:TSLA) is Elon Musk’s electric-vehicle manufacturing company based in Austin, Texas. It remains one of the most popular stocks on Reddit’s WSB forum.

Adam Jonas at Morgan Stanley holds an Overweight rating on shares of Tesla, Inc. (NASDAQ:TSLA) as of October 10, alongside a $350 price target.

The company’s year-over-year revenue growth rate stands at 60.45% and its EPS growth rate over the next three to five years stands at 36.66%. Tesla, Inc.’s (NASDAQ:TSLA) operating cash flow has also grown by 53.39% year-over-year.

Out of 895 hedge funds, 72 funds were long Tesla, Inc. (NASDAQ:TSLA) in the second quarter, and 80 funds were long the stock in the previous quarter. Their total stake values were $7.1 billion and $11.3 billion, respectively.

See also 10 Best Lumber Stocks To Buy and 10 Best Global Stocks To Buy.

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