5 hot stocks are trading 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.

Every week, we scan our 24/7 research database on Wall St. for stocks rated Buy in Big Companies priced below $10 (the week’s picks latter included ADT and Cemex). This week was no exception as we found five new stocks that could offer investors solid upside potential. Low-priced stock skeptics should remember that at one point, Amazon and Apple were trading in single digits.

Although they are more suited to aggressive investors (and with the number of new traders having exploded over the last year and making good trading ideas even harder to come by), they could prove to be interesting additions for traders looking for strong alpha potential. It is important to remember that no single analyst report should be used as the sole basis for any buy or sell decision.

Access point

It’s an off-the-radar idea with stellar potential. AvePoint Inc. (NASDAQ: AVPT) provides Microsoft 365 data management solutions worldwide. It offers a suite of software-as-a-service solutions to migrate, manage and protect data. The company provides cloud solutions for Office 365, Salesforce, and Dynamics 365, as well as hybrid/on-premises products. It also offers consulting and implementation, maintenance and support, Microsoft Teams advanced and consulting, migration as a service, and quick start services.

Last month, AvePoint received the highest current offering score of the 10 vendors for cloud backup and was the only vendor to receive a differentiated score, which is the highest possible score, in all three criteria. of Microsoft 365, Google Workspace and Salesforce. Additionally, AvePoint received differentiated ratings for security and privacy, usability, storage options, planned improvements, and innovation roadmap criteria.

Cantor Fitzgerald has a price target of $11, but the consensus target is even higher at $13.60. The shares traded Friday at $6.20.

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