Meme stocks are known for having a high risk/reward ratio. Emerging technologies provide a much more secure path to success for these investors. Big businesses want to invest $1 trillion in developing technologies by 2023, according to a report. More than 80% of corporations in the United States will invest in developing technology in the future years. These companies work in the fields of semiconductors, interactive entertainment, and social media. This technological surge is predicted to be led by artificial intelligence, smart analytics, and high-speed broadband.
Here is Insider Monkey’s list of the 10 best high-risk stocks to buy right now. Analyst Stephen Gengaro of Stifel Nicolaus commenced stock coverage with a Buy rating and a $23 price target. According to Stifel, the company was ideally positioned to benefit from the expansion of electric vehicle charging networks across the United States in the next decades. Skislz Inc. is a company that deals with interactive entertainment. The corporation has increased its investments in online and mobile gaming. In the last five months, the stock has benefited from a surge in video game sales, although the stock’s price has remained erratic throughout the year. Upstart Holdings, Inc. owns and operates a cloud-based lending platform that automates the loan process with artificial intelligence. The company’s market value has risen considerably in recent months, surpassing $25 billion. QuantumScape Corporation is a manufacturer and distributor of solid state lithium ion batteries. In the EV arena, the company has been a darling among regular investors and hedge funds. QuantumScape was first covered by investment bank JPMorgan in July, with a $35 price target. Plug Power Inc. is a hydrogen fuel cell solutions provider. The stock has recently profited from US President Biden’s clean energy plan. Analysts have recently become increasingly favorable on the stock, with Morgan Stanley becoming one of them. For more details, click 10 Best High-Risk Stocks To Buy Right Now.
