Twelve Analyst Stocks to Buy Under $10 With Huge Implied Upside

Halcon Resources Corp. (NYSE: HK) was reiterated as Buy at Wunderlich on Thursday, but the big move was that the price target was raised to $9 from $7. Shares were at $6.40 on Friday, and this is the first stock that is close to a double of our nine stock picks that could double in 2014. This was also one of last weekend’s analyst picks under $10.

Hercules Offshore Inc. (NASDAQ: HERO) was started as Outperform and given a $6 price target at Macquarie on Wednesday. Shares had been at $4.53 prior to the call, and shares were marginally lower on Friday.

ImmunoCellular Therapeutics Ltd. (NYSEMKT: IMUC) was raised to Buy from Neutral by Roth Capital Markets on Monday, and the price target was raised to $3 from $2, versus a $1.34 prior close. Keep in mind that this was a $1.14 stock on Friday, and Maxim Group took a prior $12 target down to $4 this last week too.

JAKKS Pacific Inc. (NASDAQ: JAKK) was raised to Buy from Hold on Friday by Needham & Co., with a $10 price target. Shares of the gaming and toy company were at $7.31 on Thursday before the call, and the stock was up over $7.70 in Friday’s trading session.

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Kofax Ltd. (NASDAQ: KFX) was started as Buy and given a $10 price target at Canaccord Genuity last Monday. Shares were close to $8.40 at the end of the week.

Magnum Hunter Resources Corp. (NYSE: MHR) was raised to Buy from Hold and given an $11 price target by Stifel last Monday. The stock was at $7.66 at the time, but had risen to $8.67 by the time Friday came around. Also this week we saw that Credit Suisse started coverage as Outperform, but with a more tame $9 price target.

National Bank of Greece S.A. (NYSE: NBG) was a double winner this week in analyst calls. On Tuesday, Nomura raised its rating up to Buy from Reduce, but in the overseas call it lowered the price target slightly. Then on Wednesday came an upgrade to Buy from Hold by Deutsche Bank. Shares were as low as $3.50 this week but the stock had reached around $4.10 by Friday.

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Rubicon Technology Inc. (NASDAQ: RBCN) was maintained with a Buy rating on Friday, but the price target was cut to $10 from $14, from a $7.89 close, based on its LED outlook at Canaccord Genuity.

SUPERVALU Inc. (NYSE: SVU) was started with an Outperform rating at Oppenheimer on Tuesday, and it was given a $10 price target. Shares were at $7.24 before the call, but the stock had gone to $8.10 by the time Friday arrived.

And for a runner-up …

Angie’s List Inc. (NASDAQ: ANGI) closed at $10.10 on Thursday and shares briefly traded under $10. Merrill Lynch missed the under $10 mark by a day here, but the firm raised the rating to Buy from Neutral, and assigned a $16 price target. That is more than 50% upside. Shares were initially up at $11.00 on Friday. Again, this just missed the sub-$10 mark by hours.

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