Nearly two-thirds of Wall Street professionals and individual investors surveyed believe meme stocks — and the volatility that comes with them — are here to say. The same respondents are also more bullish on crypto than SPACs and meme stocks over the next six months.
“We see community aspects within meme stocks, so as long as investors create community and access, they’ll find their way into meme stocks,” said Callie Cox, US investment analyst at eToro. “Meme stocks are just another way that retail investors are getting engaged with the market.”