5 Well-Known “Strong Buy” Stocks Trading Under $10 With Remarkable 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 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. 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. Cogent Biosciences, which we presented in March, has tripled.
Although these 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.
This leading security company is a well-known protector of homes and businesses. ADT Inc. (NYSE:ADT) is North America’s largest and second-largest home security monitoring company. The company serves more than 7 million customers, installing more than one million systems per year. Approximately 94% of revenues are generated in the United States, with the remainder coming from Canada.
Google announced last year that it was buying a 6.6% stake in the home security company for $450 million as part of a deal that will see it provide service to customers of its security devices. domestic Nest. ADT said the companies will work to combine Nest products such as cameras, thermostats, doorbells and alarm systems with ADT’s installation, service and professional monitoring network.
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Insurance giant State Farm announced earlier this week that it would acquire a 15% stake in the company by investing $1.2 billion. The company’s chief operating officer, Paul Smith, will join ADT’s board of directors.
Citigroup has a price target of $10.25 on ADT shares. The consensus target is $10.89 and the shares traded Friday at $8.30 apiece.
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