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.
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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.
Skeptics of low-priced shares should remember that at one point Amazon, Apple and Netflix traded in the single digits. One stock we featured over the years, Zynga, was purchased by Take-Two Interactive. Cogent Biosciences, which we featured last March, has tripled since then.
We screened our 24/7 Wall St. research database looking for smaller cap companies that could offer patient investors some huge returns for 2023 and beyond. While these five stocks are rated Buy and have a ton of Wall Street coverage, it is important to remember that no single analyst report should be used as a sole basis for any buying or selling decision.
Blink Charging
One Wall Street firm thinks this is a potential parabolic home run. Blink Charging Co. (NASDAQ: BLNK) owns, operates, manufactures and provides electric vehicle (EV) charging equipment and networked EV charging services in the United States and internationally.
The company’s residential and commercial EV charging equipment enables EV drivers to recharge at various location types. The Blink Network is a cloud-based system that operates, maintains and manages various Blink charging stations and associated charging data, back-end operations and payment processing. It offers property owners, managers, parking companies and state and municipal entities with cloud-based services that enable the remote monitoring and management of EV charging stations, and EV drivers with station information, including station location, availability and applicable fees.
The company also offers EV charging hardware, software services and service plans. It has strategic partnerships across transit/destination locations, including airports, auto dealers, health care/medicals, hotels, mixed-use and municipal locations, multifamily residential and condos, parks and recreation areas, parking lots, religious institutions, restaurants, retailers, schools and universities, stadiums, supermarkets, transportation hubs, and workplace locations.
H.C. Wainwright’s $50 target price for Blink Charging stock is well above the $19.22 consensus target. The stock closed on Friday at $7.13 a share.
Dish Network
This satellite provider has always been rumored to be a takeover target. Dish Network Corp. (NASDAQ: DISH) provides pay-TV services in the United States. It offers video services under the Dish TV brand, and its programming packages include programming through national broadcast networks, local broadcast networks, and national and regional cable networks, as well as regional and specialty sports channels, premium movie channels and Latino and international programming packages.
Dish also provides access to movies and television shows through TV or internet-connected devices, and mobile applications on internet-connected devices to view authorized content, search program listings and remotely control certain features of DVRs.
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In addition, it offers Sling TV services, including Sling domestic, Sling International, Sling Latino, Sling Orange and Sling Blue services that require an internet connection and are available on streaming-capable devices, such as streaming media devices, TVs, tablets, computers, game consoles and phones. Its markets Sling TV services to consumers who do not subscribe to traditional satellite and cable pay-TV services.
Further, the company provides wireless subscribers consumer plans with no annual service contracts, as well as monthly service plans, including high-speed data and unlimited talk and text. The company offers receiver systems and programming through direct sales channels, as well as independent third parties, such as small retailers, direct marketing groups, local and regional consumer electronics stores, retailers, and telecommunications companies.
Citigroup has an $18 target price, but the consensus target is higher at $21.53. Dish Network stock closed on Friday at $7.51.
Sirius XM
Increasing numbers of people are using satellite radio, and this stock is a solid idea for aggressive investors. Sirius XM Holdings Inc. (NASDAQ: SIRI) is the world’s largest radio company measured by revenue, and it has approximately 33.1 million subscribers.
The company creates and offers commercial-free music; premier sports talk and live events; comedy; news; exclusive talk and entertainment; and a wide range of Latin music, sports and talk programming. Sirius XM is available in vehicles from every major car company and on smartphones and other connected devices as well as online.
Sirius XM is also a leading provider of connected vehicles services, giving customers access to a suite of safety, security and convenience services, including automatic crash notification, stolen vehicle recovery assistance, enhanced roadside assistance and turn-by-turn navigation.
Benchmark’s $7 price target may be headed higher soon. Sirius XM stock has a consensus target of $5.27. Shares closed at $3.80 on Friday.
24/7 Wall St.Tencent Music Entertainment
As China continues to open up, this is a very solid idea for aggressive growth investors. Tencent Music Entertainment Group Inc. (NYSE: TME) operates online music entertainment platforms to provide music streaming, online karaoke and live streaming services in the People’s Republic of China.
Tencent offers QQ Music, Kugou Music and Kuwo Music, which enable users to discover music in personalized ways. Its WeSing enables users to sing from its library of karaoke songs and share their performances in audio or video formats with friends. Kugou Live and Kuwo Live provide an interactive online stage for performers and users to showcase their talent and engage with a diverse audience base, and Lazy Audio is an audio platform.
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In addition, it sells music-related merchandise, including Kugou headsets, smart speakers, WeSing karaoke microphones and Hi-Fi systems, and it offers online music event ticketing services, as well as services to smart device and automobile makers to build and operate music services on devices and vehicles.
Tencent Music Entertainment stock has an $11 target price at Benchmark. The consensus target is $9.23, and shares closed at $7.41 on Friday.
Under Armour
The sports apparel stock has been crushed and looks like a solid bargain. Under Armour Inc. (NYSE: UAA) engages in the developing, marketing and distributing performance apparel, footwear and accessories for men, women and youth. The company offers its apparel in compression, fitted and loose-fit types.
The company also provides footwear products for running, training, basketball, cleated sports, recovery and outdoor applications. The company’s accessories include gloves, bags, headwear and sports masks, and it offers digital subscription and advertising services under the MapMyRun and MapMyRide platforms.
Under Armor primarily offers its products under the Under Armor, UA, HeatGear, ColdGear, HOVR, Protect This House, I Will, UA Logo, Armour Fleece and Armour Bra brands. The company sells its products through wholesale channels, including national and regional sporting goods chains, independent and specialty retailers, department store chains, mono-branded Under Armour retail stores, institutional athletic departments, and leagues and teams, as well as independent distributors and directly to consumers through a network of 422 brand and factory house stores, as well as through e-commerce websites.
Stifel has set its target price and $14, while the consensus target is $12.60. On Friday, Under Armour stock closed at $8.04.
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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