Investing

Eleven Analyst Stocks Trading Under $10 With Huge Implied Upside

Ballard Power Systems Inc. (NASDAQ: BLDP) had a massive week, with shares up $1 from trough to peak — not bad for a $3 or $4 stock. A firm named Jennings Capital initiated Ballard with a Buy rating and gave a $4 price target on Wednesday, versus a prior $3.56 close. Shares rose immediately to above the $4 handle.

BlackBerry Ltd. (NASDAQ: BBRY) saw many raised price targets on Friday after earnings, but the stock was not exactly raised in ratings too much. Note that the post-earnings jump in BlackBerry took shares up to $9.50 in mid-Friday trading. BMO raised its target to $9 from $8 and Nomura raised its target to $10 from $9. Canaccord Genuity said that there was a favorable business mix and solid cost controls driving slight upside, but also that it is still the early days on long road to potential profits.

BlackRock Kelso Capital Corp. (NASDAQ: BKCC) was raised to Outperform from Market Perform at Keefe Bruyette & Woods on Tuesday. Its price target of $9.76 compared to an $8.63 prior close and an $8.83 mid-Friday level. While this is only upside targeted at 10% now, its new lower dividend yield is still counted as 9.5%.

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Compugen Ltd. (NASDAQ: CGEN) was started on Wednesday with an Outperform rating at JMP Securities with a $14 price target. The prior close was $9.06, but Compugen shares were down around $8.90 on Friday. This implies upside of more than 50%. Its 52-week range is $5.04 to $14.32.

Gastar Exploration Inc. (NYSEMKT: GST) was started with a Buy rating and given a $12.00 price target at Global Hunter, which implied close to 50% upside if the firm is correct. Shares hit a new 52-week high on Friday after the report.

MeetMe Inc. (NASDAQ: MEET) was started with a Buy rating and a serious upside target of $4.50 at Wunderlich on Wednesday. The pre-report closing price was $1.93, and shares went above $2.25 by the time Friday rolled around.

Orbitz Worldwide Inc. (NYSE: OWW) was started as Buy at UBS this past week amid a boom in travel demand. The firm gave a $10 price target, versus a pre-call $8.12 close, although shares hit a high of about $8.80 on Friday. Keep in mind that the 52-week high is $13.26, and the consensus price target is closer to $9 now.

Superior Drilling Products, Inc. (NYSEMKT: SDPI) was a double-plus-good call with two analysts giving it incredibly high marks. The micro-cap drill-bit and drilling tool outfit was started with a Buy rating and $8 price target at Wunderlich on Tuesday when the prior close was $5.74. Then the team at Roth Capital Partners came in with a new Buy rating on Wednesday, but with a more tame target of $6.75.

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Agile Therapeutics Inc. (NASDAQ: AGRX) is listed last here because it only came public at $6 back on May 23. It saw the quiet period come to an end, and analysts issued massive upside calls. Shares were around $8 in Friday trading, and this has a post-IPO range of $5.05 to $8.17. Cantor Fitzgerald started it with a Buy and $17 price target. Janney started it with a Buy rating and $18 price target. William Blair and RBC also started it with Outperform ratings.

The prior week’s 12 analyst stock picks trading under $10 included shares of AMD, Alcatel-Lucent, Fusion-io (ahead of the buyout), Halozyme, ON Semi, Orexigen, Sprint and others. Friday’s top analyst upgrades and downgrades included 3D Systems, AutoNation, BlackBerry, Coach, ExOne, JA Solar, Kroger, Oracle, Stratasys, Trina Solar and more. In case you missed Thursday’s top analyst upgrades and downgrades, they included Amazon, Celgene, Cisco, FedEx, Nvidia, Starbucks and many more.