ENVX, CVNA, AMC: 3 Meme Stocks Analysts Say You Shouldn't Ignore

Meme stocks remain in the spotlight as retail investors jump in for quick gains and social media buzz. A mix of short squeezes, online hype, and market optimism has driven several names higher. But for investors, timing and risk matter as these rallies can fade just as fast as they rise. Here are three meme stocks worth watching right now: Enovix (ENVX), Carvana (CVNA), and AMC Entertainment (AMC).Meet Your ETF AI Analyst Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow. What are Meme Stocks? Meme stocks are shares of companies that gain sudden popularity among retail investors, often fueled by social media platforms like Reddit (RDDT), X, or TikTok. The buzz can send their prices soaring rapidly, often far beyond what fundamentals justify. These stocks are highly volatile, driven more by hype, viral trends, and online sentiment than by traditional financial metrics. Analyze and Compare Meme Stocks with TipRanks TipRanks offers powerful tools to help investors discover and monitor stock opportunities that fit with their goals. In this context, the Meme Stocks tool lets users compare up to ten trending meme stocks across key metrics like analyst ratings, price targets, investor sentiment, etc. Here are three meme stocks to keep an eye on right now. Enovix (ENVX) Enovix is an advanced battery technology company focused on developing high-performance lithium-ion batteries for next-generation devices. While the company's battery technology shows promise, its stock often swings sharply on social media hype and sentiment. Year-to-date, ENVX stock is down about 18%. Turning to Wall Street, analysts have a Strong Buy consensus rating on ENVX stock based on six Buys and two Holds assigned in the past three months. Furthermore, the Enovix's average stock price target of $19.71 per share implies 122% upside potential.