5 Well-Known “Strong Buy” Stocks Under $10 With Huge Upside Potential – 24/7 Wall St.
While most of Wall Street focuses on large and large-cap stocks because they offer a degree of safety and liquidity, many investors are limited in the number of stocks they can buy. Many of the biggest public companies, especially the tech giants, trade in the hundreds, up to over $1,000 per share or more. At these high prices, it’s hard to get decent leverage on the number of shares.
Many investors, especially more aggressive traders, look to low priced stocks as a way to not only make money, but also get a higher number of shares. This can really help the decision-making process, especially when you’re on to a winner, because you can always sell half and keep half.
We scoured our 24/7 research database on Wall St. for well-known companies that could very well offer patient investors huge returns for the remainder of 2022 and beyond. of the. Low-priced stock skeptics should remember that at one point, Amazon and Apple were trading in single digits. A stock we’ve featured over the years, Zynga, was recently purchased by Take-Two Interactive.
Although all five stocks are rated Buy, it is important to remember that no single analyst report should be used as the sole basis for any buy or sell decision.
The chatter surrounding this company has been incessant over the past few years. GoPro Inc. (NASDAQ: GPRO) develops and sells mountable and wearable cameras, drones, and accessories in the United States and around the world.
The company offers the following:
- HERO7, a range of cloud-connected cameras
- Fusion, a waterproof spherical camera
- GoPro Plus, a cloud-based storage solution that allows subscribers to access, edit and share content
- Quik, a mobile editing app, as well as a desktop app for editing options for power users
- GoPro App, a mobile application that allows users to preview and playback photos and videos, control GoPro cameras, and share content
- Karma Grip, a handheld or body-mountable camera stabilizer that captures smooth shake-free video
GoPro also offers mounts and accessories to customers, such as gear-based mounts for the helmet, handlebar, and roll bar and tripod mounts that allow consumers to wear the mount on their body, such as as wrist wraps, chest harnesses and headbands. GoPro markets and sells its products through retailers and wholesale distributors, as well as on its website.
Jefferies has a $12 price target on GoPro stock. The consensus target is $12.08 and the stock last traded Friday at $7.15 per share.