Investing

2 Red-Hot Meme Stocks Highlight Buy-Rated Stocks Under $10 With Huge Potential

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While most of Wall Street focuses on large-cap 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 hundreds, all the way up to over $1,000 per share or more. At those steep prices, it is difficult to get any decent share count leverage.

Many investors, especially more aggressive traders, look at lower-priced stocks as a way not only to 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.
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We screened our 24/7 Wall St. research database looking for well-known companies that could very well offer patient investors some huge returns for the rest of 2022 and beyond. Skeptics of low-priced shares should remember that at one point both Amazon and Apple traded in the single digits. One stock we featured over the years, Zynga, recently was purchased by Take-Two Interactive. Cogent Biosciences, which we featured in March, has doubled.

While all five of these stocks are rated Buy, it is important to remember that no single analyst report should be used as a sole basis for any buying or selling decision.

FuboTV

This streaming company’s stock is a very solid play for gambling, and it has hit the radar of the meme stock traders. FuboTV Inc. (NYSE: FUBO) is a digital entertainment company focused on offering consumers a live television streaming platform for sports, news and entertainment.

It is a virtual multichannel video programming distributor that streams in 4K. Its subscription-based services are offered to consumers who can sign-up for accounts, through which it provides basic plans with the flexibility for consumers to purchase the add-ons and features suited for them.


Since the start of 2022, the company has added nearly 20 FAST channels, with the goal of launching approximately 100 more by the end of the year. The strategy aligns with an overall industry shift to ad-supported content, as studies show consumers prefer these services over more expensive options.

Evercore ISI has an $8 target price on FuboTV stock, but the consensus target is higher at $9.83. The shares last traded on Friday at $4.35 apiece, which was down over 8% after a huge run last week.

IHS

Shares of this wireless tower giant have been crushed and offer huge upside potential. IHS Holding Ltd. (NYSE: IHS) owns, operates and develops shared telecommunications infrastructure in Africa, Latin America, Europe and the Middle East. It offers colocation and lease agreement, build-to-suit, fiber connectivity and rural telephony solutions. The company serves mobile network operators, internet service providers, broadcasters, security functions and private corporations.
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Including the approximately 5,700 towers subject to the imminent completion of its pending deal in South Africa, IHS will own nearly 39,000 towers across 11 countries, making the company the third largest independent multinational tower company by tower count. This geographic scale helps diversify the revenue stream, and also positions IHS in some of the largest emerging markets in the world, including the three largest countries in Africa and the largest Latin American country by gross domestic product.

Cowen’s $27 target price is well above the $19 consensus target for IHS stock. The shares closed on Friday at $7.32.

JetBlue

This stock has been obliterated over the past six months even though the carrier holds a very commanding position on the east coast of the United States. JetBlue Airways Corp. (NASDAQ: JBLU) provides air transportation services. As of December 31, 2020, the company operated a fleet of 63 Airbus A321 aircraft, one Airbus A220 aircraft, 13 Airbus A321 neo aircraft, 130 Airbus A320 aircraft and 60 Embraer E190 aircraft.

The carrier serves 107 destinations in the 31 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, and 24 countries in the Caribbean and Latin America. The company also has a strategic partnership with American Airlines to create connectivity for travelers in the Northeast.

The company announced recently a finalized deal to buy Spirit Airlines, the low-cost leader airline, for $3.8 billion, or $33.50 per share, in cash after a long battle with Frontier Airlines to finish the deal.

MKM Partners has set a $13 target price, and the consensus target for the carrier is lower at $9.88. JetBlue Airways stock closed on Friday at $8.38 a share.

SoFi Technologies

This is another sizzling meme stock trader favorite. SoFi Technologies Inc. (NASDAQ: SOFI) provides digital financial services, and it took the SPAC route for its initial public offering back in June of 2021.

The company’s financial services allow its members to borrow, save, spend, invest and protect their money. The company offers student loans, personal loans for debt consolidation and home improvement projects, and home loans.
SoFi Technologies also provides cash management, investment and other related services. In addition, it operates Galileo, a technology platform that offers services to financial and non-financial institutions, and Apex, a technology-enabled platform that provides investment custody and clearing brokerage services.

The price target on SoFi Technologies stock at Citigroup is $11. The consensus target is $8.42, and shares closed at $6.33 on Friday.
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Zeta Global

This company is in a white-hot business silo, and and its stock has giant upside potential. Zeta Global Holdings Corp. (NASDAQ: ZETA) operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally.

The company’s Zeta Marketing Platform analyzes billions of structured and unstructured data points to predict consumer intent by leveraging sophisticated machine learning algorithms and the industry’s opted-in data set for omnichannel marketing. Its Consumer Data Platform ingests, analyzes and distills disparate data points to generate a single view of a consumer, encompassing identity, profile characteristics, behaviors and purchase intent.

Zeta also offers various types of product suites, such as opportunity explorer, consumer experiences, omnichannel acquisition and identity and data management. In addition, the company provides demand-side platform and website personalization services, as well as TruLift, which offers analysis to uniquely quantify incremental budget that provides continued return on investment.


In early June the company announced it will expand its long-standing work with Amazon Web Services (AWS), in which the Zeta Marketing Platform will be made available as the first marketing cloud in AWS Marketplace, a digital catalog with thousands of software listings from independent software vendors that make it easy to find, test, buy and deploy software that runs on AWS.

The $9 BofA Securities price target is less than the $12.06 consensus figure. The stock closed down over 7% on Friday at $6.46 per share.


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, they are not penny stocks with absolutely no track record or liquidity, and major Wall Street firms have research coverage.

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