Investing

5 Well-Known 'Strong Buy' Stocks Under $10 With Massive Potential Upside

Lantronix

This company is producing solid revenue and is a great idea for aggressive traders. Lantronix Inc. (NASDAQ: LTRX) provides software as a service (SaaS), engineering services, and hardware for edge computing, the Internet of Things (IoT), and remote environment management (REM) in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan.

The company’s IoT products include IoT Connectivity, which provides wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, application hosting, protocol conversion, secure access for distributed IoT deployments, and various other functions.

Further, its SaaS platform enables customers to deploy, monitor, manage and automate across their global deployments through a single platform login. The company offers its products through value-added resellers, systems integrators, distributors, online retailers and original equipment manufacturers, and it has an e-commerce site for direct sales. Lantronix was founded in 1989 and is headquartered in Irvine, California.

Canaccord Genuity has set its price objective at $13. The consensus price on Lantronix stock is $12.75. The shares closed Friday at $5.57 apiece.

Nerdy

This stock has traded sideways all year long and looks poised to break out. Nerdy Inc. (NASDAQ: NRDY) operates a platform for live online learning. The company’s purpose-built proprietary platform leverages technology, including artificial intelligence, to connect learners of various ages to experts, delivering value on both sides of the network.

The company’s learning destination provides learning experiences across various subjects and multiple formats, including one-on-one instruction, small group classes, large format group classes and adaptive self-study. The company’s flagship business, Varsity Tutors, operates platforms for live online tutoring and classes. Its solutions are available directly to learners, as well as through schools and other institutions

Insiders have been loading up on the shares over the past month. Founder Chris Cohn bought $1,000,000 worth of stock at $5.12 a share, and shares have backed up since then.

Needham’s $8 target price is lower than the $8.56 consensus target. The stock last traded at $3.38 a share on Friday.

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