Investing

Eight Analyst Stocks to Buy Under $10 for Big Upside

24/7 Wall St. routinely reviews dozens of analyst research reports each morning of the week. At the end of each week, there is a realization that some stood out handily over most reports. Then there is an entirely different group of analyst calls: the stocks under $10 per share, where analysts see huge upside.

We have found several instances where analysts were calling for big upside in these stocks under $10 per share. Some are even trading under $5 per share. These were the top analyst calls of the week covering stocks trading under $10.

Alphatec Holdings Inc. (NASDAQ: ATEC) could still be a double, at least that is Canaccord Genuity’s call. The medical technology company announced a leadership change and Canaccord Genuity also said that its expense improvement was solid, even with revenues being light. The firm maintained a Buy rating on Thursday with a $3.00 price target, versus a close of $1.35, and shares were up 13% at $1.54 in late Friday trading.

Avanir Pharmaceuticals Inc. (NASDAQ: AVNR) was raised to Buy from Neutral by Mizuho on Friday, after the company won a key patent case that grants exclusivity out to 2026. Mizuho gave a $10 price target, and shares were only at $4.65 late on Friday. Keep in mind that this was a $3.40 stock before the patent news broke this last week.

ALSO READ: Is Sell in May and Go Away the Right Call for 2014?

Five9 Inc. (NASDAQ: FIVN) saw its quiet period end. Shares of the virtual contact center cloud platform were trading at $7.00 late Friday. This week we saw Canaccord Genuity issue a Buy with a $9 target; Pacific Crest gave an Outperform rating and $10 target; Bank of America Merrill Lynch issued a Buy rating and $10 target; and Barclays issued an Overweight rating with a $10 price target.

Fuel-Tech Inc. (NASDAQ: FTEK) shares were trading up nearly 5% in late Friday trading, at $6.62, after Sidoti raised its rating to Buy from Neutral. Earlier in the week we saw that Canaccord Genuity maintained its Hold rating and $6 price target.

Glu Mobile Inc. (NASDAQ: GLUU) has been an on-again and off-again winner in mobile games, and a positive rating went to the most positive that you can hear. On Thursday, Needham & Co. raised the rating to Strong Buy from Buy and raised the price target up to $6 from $5. The share price was around $4 prior to the upgrade, and shares were around $4.35 in late trading on Friday.

ALSO READ: The Next Big Stock Splits After Apple

JetBlue Airways Corp. (NASDAQ: JBLU) remains one of the only real airlines trading under $10, and a call from Thursday may signal a change to that. JetBlue was raised to Overweight from Neutral at J.P. Morgan, and the price target was raised to $10 from $9.50. Trading at $8.20 in late Friday, this implies close to 20% upside.

SLM Corp. (NYSE: SLM), now separated as Sallie Mae, was assigned a new Outperform rating by Credit Suisse on Thursday. The price target was $11. Shares were around $9 on an adjusted basis.

Sonus Networks Inc. (NASDAQ: SONS) had a strong week after reporting a narrower loss. William Blair gave it a new Outperform rating on Tuesday. Sonus shares were at $3.25 in late-Friday trading, against a 52-week range of $2.30 to $3.98 and with a consensus price target of about $4.50.

Want to Retire Early? Start Here (Sponsor)

Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?

Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.