Investing

7 Analyst Stock Picks Under $10 With Massive Upside Calls

FBR Capital still has an Underperform rating but raised its target to $4 from $3, and Wedbush has a Neutral rating but raised its target to $4.50 from $4.00. Another firm, called Ascendiant Capital Markets, has a Buy rating and a $6 price target.

Yamana Gold

Despite seeing its rating raised to Buy from Hold by HSBC, Yamana Gold Inc. (NYSE: AUY) traded down nearly 2% at $5.33 on Monday. Then came earnings mid-week, and HSBC’s target had been raised to $7.20 from $5.00. Yamana closed at $5.71 on Friday, in a 52-week range of $1.38 to $5.99, and with a consensus price target of $5.69.

Is there more gold in them thar hills? A firm called GMP Securities in Canada also maintained its Buy rating and the C$9.00 price target implied 17% upside when converted into U.S. dollars.

Ballard Power Systems

FBR Capital Markets raised Ballard Power Systems Inc. (NASDAQ: BLDP) to Outperform from Market Perform on July 28. Its price target was doubled to $3 and compared with a close of $2.04 before the call. A drop of 4% took Ballard shares back to $1.93 by Friday’s close. The stock has a 52-week range of $1.07 to $2.12.

This company has been around forever and has remained a low-priced stock for the same time despite a $300 million market cap. Ballard Power’s CEO will present data on the company at the Jefferies Industrials Conference on August 11.

Brightcove

Shares of Brightcove Inc. (NASDAQ: BCOV) were trading at $9.70 when its Buy rating was reiterated at Dougherty on July 29. They rose almost 8% to $10.47 on Friday after earnings, so it will take a pullback before this is officially in the sub-$10 stock club again.

Dougherty raised Brightcove’s price target to $13.00 from $10.50, implying upside of 24%. It actually hit a 52-week high of $11.56 at one point, and the consensus price target is $13.40.

AXT

On July 28, Needham raised AXT Inc. (NASDAQ: AXTI) to Buy from Hold. The price target was set at $5.50, versus a $3.66 prior closing price. Friday’s close of $3.75 still leaves an implied return of almost 47%, if Needham’s assumptions come true.

The stock has a 52-week range of $1.90 to $4.01, and the consensus analyst target is $4.95. Just keep in mind that this maker of compound and single element semiconductor substrates has a mere $119 million market cap.

AudioCodes

Needham not only reiterated a Buy rating for AudioCodes Ltd. (NASDAQ: AUDC) on July 27, and the firm also raised its price target to $5.50 from $5.00.

The stock closed out the week at $4.11 a share, and the company has a mere $149 million market cap.

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