Goldman Sachs has 5 stocks listed to buy under $10 with upside potential of 75% to 500% – 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. For those wary of low-priced stocks, just remember that Amazon and Apple were trading in single digits.
Goldman Sachs is the world’s largest investment bank, so we sifted through its outstanding research database and found five stocks trading below the $10 level that could offer investors upside potential of more than from 75% to 500%.
Although all five are rated Buy at Goldman Sachs, they are much better suited for very aggressive investors. It is also important to remember that no single analyst report should be used as the sole basis for any buy or sell decision.
This company is still sometimes confused with a similarly named biotech that Pfizer bought in 2019. Array Technologies Inc. (NASDAQ: ARRY) provides solar tracking solutions and services for large-scale projects. Its products include DuraTrack HZ v3, a single-axis solar tracking system, and SmarTrack, a machine-learning software that automatically adjusts module angles based on weather and site conditions.
This stock went through a fiery initial public offering in 2020. The shares were priced upfront because the first trade was 34% above the raised IPO price. A total of 47.5 million shares were sold in the offering as the maker of ground mounting systems used in solar power projects sold 7 million shares to raise 154 million dollars and a selling shareholder sold 40.5 million shares.
Since then, Array Technologies stock has crashed and offers investors an incredible entry point.
Goldman Sachs has a price target of $21 on the stock and the consensus target is $20.40. The stock closed trading Thursday at $8.74. Reaching Goldman Sachs’ target would represent a gain of more than 125%.
This sports betting-related stock has been hammered and harbors huge upside potential, and it could even be a takeover target. Genius Sports Ltd. (NYSE: GENI) develops and sells technology-driven products and services to the sports, sports betting and sports media industries.