5 Well-Known 'Strong Buy' Stocks Trading Under $10 Have Gigantic Upside Potential

Riot Platforms

This well-known cryptocurrency miner has been destroyed and, for those still positive on digital currencies, it may be a goldmine. Riot Platforms Inc. (NASDAQ: RIOT) focuses on bitcoin mining operations in North America. It operates through Bitcoin Mining, Data Center Hosting and Electrical Products and Engineering segments.

After the massive blow-up of FTX, many of the top bitcoin miners have been absolutely destroyed, and Riot Blockchain is one of the few companies that many experts in the crypto arena feel can survive this sector destruction. Some have gone as far as to say that, given the company’s micro-cap status (the market cap is only $766 million), it may be a strong takeover candidate for a larger entity looking to enter the crypto world or increase its current holdings.

Roth MKM’s $12 target price is higher than the $10.30 consensus figure. On Friday, Riot Platforms stock closed at $5.51 a share.


This is an inexpensive way to buy a deepwater oil drilling stock. Transocean Ltd. (NYSE: RIG) provides offshore contract drilling services for oil and gas wells worldwide. It contracts its drilling rigs, related equipment and work crews to drill oil and gas wells.

As of February 22, 2021, the company owned or had partial ownership interests in and operated a fleet of 37 mobile offshore drilling units, including 27 ultra-deepwater and 10 harsh environment floaters. It serves integrated oil companies, government-owned or government-controlled oil companies, and other independent oil companies.

Over the past year, Transocean has seen some serious insider buying. In that time, the largest single purchase by an insider was when an independent director bought $21 million worth of shares at a price of $4.20 apiece. If the director was bullish at that level, the current trading range still offers a good entry point.

BTIG Research raised its $8 Transocean stock target price to $10 last month. The $5.68 consensus target also is less than Friday’s closing share price of $7.35.

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.

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