Investing
5 Very Well-Known 'Strong Buy' Stocks Under $10 With Massive Upside Potential
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While most of Wall Street focuses on large-cap and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy. Many of the biggest public companies, especially the technology giants, trade in the hundreds, all the way up to over $1,000 per share or more. At those steep prices, it is difficult to get any decent share count leverage.
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Many investors, especially more aggressive traders, look at lower-priced stocks as a way not only to make some good money but to get a higher share count. That can really help the decision-making process, especially when you are on to a winner, as you can always sell half and keep half.
We screened our 24/7 Wall St. research database looking for well-known companies that could very well offer patient investors some huge returns for the rest of 2022 and beyond. Skeptics of low-priced shares should remember that at one point both Amazon and Apple traded in the single digits. One stock we featured over the years, Zynga, recently was purchased by Take-Two Interactive.
While all five stocks are rated Buy, it is important to remember that no single analyst report should be used as a sole basis for any buying or selling decision.
Shares of this popular home services company have been crushed and have huge upside potential, even after being way up this week. Angi Inc. (NASDAQ: ANGI) connects home service professionals with consumers in the United States and internationally.
The Angi Ads business connects consumers with service professionals for local services through the Angi nationwide online directory of service professionals in various service categories. It provides consumers with valuable tools, services and content, including verified reviews, to help them research, shop and hire for local services, and it sells term-based website and mobile and digital magazine advertising to service professionals, as well as provides quoting, invoicing and payment services.
The company also owns and operates Angi Leads digital marketplace service, which connects consumers with service professionals for home repair, maintenance and improvement projects; offers consumers with tools and resources to find local, pre-screened and customer-rated service professionals, as well as online appointment booking; and connects consumers with service professionals by telephone and home services-related resources.
Goldman Sachs has a $12 price target for Angi stock, while the consensus target is $9.68. The shares closed 5% higher on Friday at $4.77 and tacked on 5% more in aftermarket trading.
This streaming company is also a very solid play for gambling. FuboTV Inc. (NYSE: FUBO) is a digital entertainment company focused on offering consumers a live television streaming platform for sports, news and entertainment. It is a virtual multichannel video programming distributor that streams in 4K. Its subscription-based services are offered to consumers who can sign-up for accounts, through which it provides basic plans with the flexibility for consumers to purchase the add-ons and features suited for them.
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Since the start of 2022, the company has added nearly 20 FAST channels, with the goal of launching approximately 100 more by the end of the year. The strategy aligns with an overall industry shift to ad-supported content, as studies show consumers prefer these services over more expensive options.
The Wedbush target price is $9, but the consensus target is higher at $9.81. FuboTV stock closed on Friday at $2.95.
This is another energy stock that has put in a long base and looks ready to break out and move higher. Tetra Technologies Inc. (NYSE: TTI) is a geographically diversified oil and gas services company, that engages in the completion of fluids and associated products and services.
Its Completion Fluids and Products division manufactures and markets clear brine fluids, additives and associated products and services to the oil and gas industry. The Water and Flowback Services division provides onshore oil and gas operators with comprehensive water management services.
The company is evolving its business model by expanding into the low carbon energy markets with its chemistry expertise, key mineral acreage and global infrastructure. Recently announced initiatives include commercialization of Tetra PureFlow, an ultra-pure zinc bromide for stationary batteries and energy storage; advancing an innovative carbon capture utilization and storage technology with CarbonFree to capture CO2 and mineralize emissions to make commercial, carbon-negative chemicals; and development of Tetra’s lithium and bromine mineral acreage to meet the growing demand for oil and gas products and energy storage.
Johnson Rice just upgraded Tetra Technologies to Buy and has a $7 target price. The consensus price target is $4, and shares closed almost 7% higher on Friday at $4.17.
This company has had a boom-to-bust history and is offering an interesting entry point. WeWork Inc. (NYSE: WE) provides flexible workspace solutions to individuals and organizations worldwide. The company offers workstation, private office and customized floor solutions, as well as various amenities and services, such as private phone booths, internet, high-speed business printers and copiers, mail and package handling, front desk services, off-peak building access, common areas and daily enhanced cleaning solutions.
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WeWork also offers various value-add services and business and technical service solutions, including professional employer organization and payroll services, remote workforce solutions, human resources benefits, dedicated bandwidth and IT equipment co-location solutions. In addition, the company offers workspace management solutions, which enable landlords and operators to power flexible spaces and provide direct access to an established customer base. As of December 31, 2021, its real estate portfolio included 756 locations.
Credit Suisse started coverage this week and has an $11 target. The consensus target for WeWork stock is $10. On Friday, the stock closed at $6.19 a share.
This company is in a white-hot business silo, and the stock has huge upside potential. Zeta Global Holdings Corp. (NASDAQ: ZETA) operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally.
The company’s Zeta Marketing Platform (ZMP) analyzes billions of structured and unstructured data points to predict consumer intent by leveraging sophisticated machine learning algorithms and the industry’s opted-in data set for omnichannel marketing. Its Consumer Data Platform ingests, analyzes and distills disparate data points to generate a single view of a consumer, encompassing identity, profile characteristics, behaviors and purchase intent.
Zeta also offers various types of product suites, such as opportunity explorer, consumer experiences, omnichannel acquisition and identity and data management. In addition, the company provides demand-side platform and website personalization services. Its TruLift offers analysis to uniquely quantify incremental budget that provides continued return on investment.
In early June, the company announced it will expand its long-standing work with Amazon Web Services (AWS), in which the ZMP will be made available as the first marketing cloud in AWS Marketplace, a digital catalog with thousands of software listings from independent software vendors that make it easy to find, test, buy and deploy software that runs on AWS.
The $14 BofA Securities price target compares with a $12.25 consensus target and a closing share price on Friday of $5.56, which was up over 10% on the day.
These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. While not suited for all investors, they are not penny stocks with absolutely no track record or liquidity, and major Wall Street firms have research coverage.
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