Top Wall Street Firm Has 5 Stocks Under $10 With 160% to 970% Upside Potential – 24/7 Wall St.
Investing
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.
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.
Skeptics of low-priced shares should remember that at one point both Amazon, Apple and Netflix traded in the single digits. One stock we featured over the years, Zynga, was purchased by Take-Two Interactive. Cogent Biosciences, which we featured in March, has tripled since then.
Raymond James is one the premier investment banks in the world, so we screened the firm’s outstanding research database and found five stocks trading for less than $10 a share with the firm’s highest Strong Buy rating that could provide investors with some massive upside potential, ranging from 160% to almost 1,000%.
While all five are rated Outperform at Raymond James, they are much better suited for aggressive investors, and it is important to remember that no single analyst report should be used as a sole basis for any buying or selling decision.
Arlo Technologies
This company provides the kind of technology that is in big demand and forward growth could be remarkable. Arlo Technologies Inc. (NYSE: ARLO) provides a cloud-based platform in the Americas, Europe, the Middle East and elsewhere. It combines an intelligent cloud infrastructure and mobile app with various smart connected devices.
The company offers Arlo essential indoor camera; Arlo Go 2 LTE/Wi-Fi security camera; Arlo Q and Arlo Q Plus, an indoor wired solution that allows users to monitor their surroundings; and Arlo Go, an LTE-enabled…
