Most of Wall Street focuses on large-cap and mega-cap stocks. After all, they provide a degree of safety and liquidity. Yet, 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. Then you can always sell half and keep half.

Skeptics of low-priced shares should remember that at one point Amazon, Apple and Netflix traded in the single digits. Nvidia, which has exploded higher on AI semiconductor chips, traded under $10 for years. One stock we featured over the years, Zynga, was purchased by Take-Two Interactive. Cogent Biosciences, which we featured last March, has tripled since then.

We screened our 24/7 Wall St. research database looking for smaller cap companies that could offer patient investors some huge returns for the rest of 2023 and beyond. While these five stocks are rated Buy and have a ton of Wall Street coverage, it is important to remember that no single analyst report should be used as a sole basis for any buying or selling decision.

Blink Charging

One Wall Street firm thinks this is a potential parabolic home run. Blink Charging Co. (NASDAQ: BLNK) owns, operates, manufactures and provides electric vehicle (EV) charging equipment and networked EV charging services in the United States and internationally.

The company’s residential and commercial EV charging equipment enables EV drivers to recharge at various location types. The Blink Network is a cloud-based system that operates, maintains and manages various Blink charging stations and associated charging data, back-end operations and payment processing. It offers property owners, managers, parking companies and state and municipal entities with cloud-based services that enable the remote monitoring and management of EV charging stations, and EV drivers with station information, including station location, availability and applicable fees.

The company also offers EV charging hardware, software services and service plans. It has strategic partnerships across transit/destination locations, including airports, auto dealers, health care/medicals, hotels, mixed-use and municipal locations, multifamily residential and condos, parks and recreation areas, parking lots, religious institutions, restaurants, retailers, schools and universities, stadiums, supermarkets, transportation hubs, and workplace locations.

H.C. Wainwright’s target price on Blink Charging stock is all the way up at $50. The consensus is just $15.90, and on Friday shares last traded at $3.19 apiece.

This is an electric vehicle (EV) trade for investors looking to be in the space with the ability to get some strong share size. Fisker Inc. (NYSE: FSR) develops, manufactures, markets, leases and sells EVs. It is also involved in the asset-light automotive business. In addition, it offers Fisker Flexible Platform Agnostic Design, a process that develops and designs electric vehicles in specific segment sizes.
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Earlier this year, the company announced that it officially started production of the Fisker Ocean all-electric sport utility vehicle in Graz, Austria. Fisker said it expects to see more than 300 units manufactured in the first quarter, 8,000 units in the second quarter, and 15,000-plus units in the third quarter. It is targeting 2023 production of 42,400 units. The CEO said at the time that demand was stronger than the company initially expected.

BofA Securities has set its target price at $8, and Fisker stock has a consensus target of $8.86. On Friday, shares closed at $6.17.

Infinera

Some feel this top company would be an outstanding addition to a networking giant as a takeover candidate. Infinera Corp. (NASDAQ: INFN) provides optical transport networking equipment, software and services worldwide.

Its product portfolio includes Infinera Groove series for modular and sled-based platforms to support various transport network applications. The Infinera 7300 series is an SDN-ready coherent optical transport system. The Infinera FlexILS open optical line system connects various Infinera and third-party terminal equipment platforms over long-distance fiber optic cable providing switching, multiplexing, amplification and management channels. Meanwhile, the Infinera 7090 and 7100 series are transport platforms.

The company also offers Infinera XTM series, a packet-optical transport platform that enables metro connectivity solutions. Its Infinera XTC series is a multi-terabit packet optical transport platform that integrates digital OTN switching and optical DWDM transmission. The Infinera mTera series is a network transport solution, while the Infinera XT series is a platform designed to power cloud-scale network services over metro, DCI, long-haul and subsea networks.

In addition, the company provides Infinera Cloud Xpress Family. This is designed to meet the needs of internet content providers (ICPs), communication service providers, internet exchange service providers, enterprises and other large-scale data center operators. And it provides ICE-X Coherent Pluggable Optics, Infinera Transcend software suite, and system software and customer support services. The company serves telecommunications service providers, ICPs, cable providers, wholesale carriers, research and education institutions, large enterprises and government entities. It markets and sells its products and related support services primarily through its direct sales force.

Needham’s $10 target price accompanies a Strong Buy rating. The consensus target is $6.73, and Infinera stock last traded on Friday at $3.78.

This company’s breakthrough chip technology makes it a potential takeover candidate. Navitas Semiconductor Corp. (NASDAQ: NVTS) develops ultra-efficient gallium nitride (GaN) semiconductors, transforming the performance of power electronics. The company primarily sells its GaN integrated circuits (ICs) into mobile markets but is developing technology to supply high-growth areas such as automotive, solar and data centers.
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The company was founded in 2014. GaN power ICs integrate GaN power with drive, control, sensing and protection to enable faster charging, higher power density and greater energy savings for mobile, consumer, enterprise, eMobility and new energy markets. Over 150 Navitas patents are issued or pending. Over 50 million units have been shipped with zero reported GaN field failures. Navitas introduced the industry’s first and only 20-year warranty as well. Plus, is the world’s first semiconductor company to be CarbonNeutral-company certified.

Navitas Semiconductor stock has a $12 target price at Baird. That is well above the $6.45 consensus target. The shares closed at $6.43 on Friday.

SoundHound AI

This stock could be a huge winner, as its technology continues to be added to other platforms. SoundHound AI Inc. (NASDAQ: SOUN) develops an independent voice artificial intelligence (AI) platform that enables businesses across industries to deliver high-quality conversational experiences to their customers.

Its products include Houndify platform. The platform offers a suite of Houndify tools to help brands build conversational voice assistants, such as automatic speech recognition, natural language understanding, wake words, custom domains, text-to-speech and embedded voice solutions.

The company announced back in January that, as part of a targeted restructuring, it will increase its focus on SoundHound for Restaurants while reducing investment in new verticals and already completed language development projects. It will maintain its growing licensing business in smart devices, TV and automotive verticals.

These measures are expected to reduce costs by approximately 40% while still enabling the company to deliver revenue growth of over 50% in 2023. As a result of this restructuring, cost reductions and revenue growth, SoundHound expects to have much lighter capital needs going forward and become operating cash flow positive by the fourth quarter of this year.

Wedbush’s target price of $7 compares with the $5.04 consensus and a $2.01 closing share price seen on Friday.

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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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