5 More Stocks to Buy Trading Under $10 With Huge Upside Potential

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While Most of Wall Street focuses on large 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 low to mid hundreds, all the way up to over $1,000 per share. At those steep prices, it’s pretty hard to get any decent share count leverage.

Many investors, especially more aggressive traders, look at lower-priced stocks as a way to not only 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.

We screened our 24/7 Wall St. research database and found five stocks trading under the $10 level that could provide investors with some solid upside potential. While much better suited for aggressive accounts, they could prove exciting additions to portfolios looking for solid alpha potential.

Also be sure to check out last week’s look at stocks under $10 with big upside potential.

Ceragon Networks

This small-cap company could be a beneficiary of the move to 5G. Ceragon Networks Inc. (NASDAQ: CRNT) offers wireless backhaul solutions. Its products include FibeAir IP-20 Platform, FibeAir IP-20 Assured Platform and Network Management. The company provides its services to wireless service providers, public safety organizations, government agencies and utility companies, among others. Its solutions are deployed by over 460 service providers, as well as a range of private network owners, in over 130 countries.

Ceragon’s FibeAir IP-20 platform offers flexibility in choosing all-outdoor, split-mount and all-indoor configurations to suit any deployment scenario. The FibeAir IP-20 platform includes product categories, such as short-haul-access and short haul-aggregation. The FibeAir IP-20 Assured platform includes product categories, such as short-haul-access, short-haul-aggregation, small cells, long-haul and enterprise access.

Oppenheimer recently upgraded the stock to Outperform from Perform with a $4.50 price objective. The Wall Street consensus target price is $4.40, and the stock traded Friday at $3.35 a share.

GoPro

This stock has taken a beating over the past year but could be ready for a big move higher. GoPro Inc. (NASDAQ: GPRO) is the worldwide leader in action cameras, with over 25 million cameras sold and 21% U.S. digital camera market share, according to NPD. GoPro sells a series of cameras at various price points, from the GoPro Hero to the GoPro Hero6 Black, and multiple accessories.

The company recently announced a product portfolio refresh with HERO7 Black ($399), HERO7 Silver ($299) and HERO7 White ($199). Flagship feature upgrades include better image stabilization and live streaming. The company also reported second-quarter revenue that was above Wall Street and management’s outlook range, and channel down to a healthy 10 weeks exiting the quarter. Optimism is building, but some remain cautious, given component supply constraints, product differentiation uncertainty and execution risk.

Oppenheimer rates the stock Outperform with a $9 price target, and the posted consensus target is $6.09. The stock traded at $7.20 on Friday.