These 2 Meme Stocks Have Legitimate Long-Term Upside
The meme stock craze of 2020 and 2021 was certainly a wild situation, and to be fair, many of the stocks that spiked aren't worth buying. Some have struggling businesses or terrible balance sheets, and aren't worth a second look, even after their share prices have come down to Earth.
On the other hand, there are some great businesses that for one reason or another got caught up in the meme stock frenzy. Here are two in particular that have plunged considerably from the highs but have massive market opportunities and strong momentum in their businesses.
There are few industries more in need of disruption than insurance. The process for buying insurance can be clunky at best, and the claims process can be an absolute nightmare. With nearly 1.6 million customers and tremendous reviews, Lemonade (NYSE: LMND) is showing the world there is a better way.
Source Fool.com
