From Nasdaq: 2024-05-08 06:20:00

Meme stocks, popular due to social media hype, offer potential gains despite risks. Retail traders push these stocks out of opposition to hedge funds and FOMO. Undervalued meme stocks like Coinbase (COIN) reported positive Q1 earnings, with EPS exceeding expectations at $1.04. Revenue was $953.8M, up 51.6% YoY.

Micron Technology (MU), specializing in memory and storage solutions, is seen as undervalued. MU reported Q1 revenue of $4.73B, with a net loss of $1.23B. Q2 revenue guidance of $5.1B to $5.4B exceeds estimates. Analysts project an 805.41% EPS leap in fiscal year 2025 for MU.

Netflix (NFLX) surpasses expectations in latest quarterly earnings, with EPS at $5.28 and revenue at $9.37B. NFLX focuses on improving platform through diversified content and technological advancements. Its unique advertising model and optimization of revenue make it an undervalued meme stock to buy.

Read more at Nasdaq: The 3 Most Undervalued Meme Stocks to Buy in May 2024