Investing

Well-Known Companies Highlight Stocks to Buy Under $10 With Huge Potential

TrueCar

This is one of many companies helping to restyle the business of selling and marketing cars. TrueCar Inc. (NASDAQ: TRUE) is an internet-based information, technology and communication services company in the United States. It operates its platform on the TrueCar website and mobile applications.

The company’s platform enables users to obtain market-based pricing data on new and used cars, and to connect with its network of TrueCar certified dealers. The company also offers forecast and consulting services regarding determination of the residual value of an automobile at given future points in time, which are used to underwrite automotive loans and leases, and by financial institutions to measure exposure and risk across loan, lease and fleet portfolios.

Trusit Securities posted $7 price target when it recently started coverage on the shares. The consensus target is in line at $7.01. The stock was trading above $5 a share in recent days.

Waitr

Food delivery has never been bigger than over the past year due to the pandemic, and the growth could potentially continue. Waitr Holdings Inc. (NASDAQ: WTRH) provides online food ordering and delivery services in the United States. Its Waitr Platform and Bite Squad Platform facilitate ordering of food and beverages by diners from restaurant partners for pick-up and delivery through a network of drivers.

Waitr recently announced it will be partnering with payment processing company Flow Payments to create a cannabis delivery and payment processing service for legal marijuana dispensaries. The partnership will create a platform combining Waitr’s delivery technology and resources with Flow Payments’ processing to facilitate the sale and delivery of cannabis where state and federal laws allow.

The $4 Deutsche Bank price target is less than the $5.75 consensus target. The share price was shy of $3 for much of the past week.


These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. While not suited for all investors, these are not penny stocks with absolutely no track record or liquidity, and major Wall Street firms have research coverage.

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