Aug 6, 2022 6:10 am
Last updated: August 6, 2022 11:08 am
While most of Wall Street focuses on large-cap and mega-cap stocks because they offer a degree of safety and liquidity, many investors have a limited number of stocks to buy. Many of the largest publicly traded companies, particularly the tech giants, trade for hundreds of up to $1,000 a share or more. At these high prices, it is difficult to get adequate leverage on the number of shares.
Many investors, particularly more aggressive traders, look to lower-rated stocks as a way to not only make good money, but also get a higher number of shares. This can really help in decision making, especially when you’re standing on a winner, as you can always sell half and keep half.
We checked our ongoing Wall Street research database. and we looked for well-known companies that could very well offer patient investors tremendous returns for the remainder of 2022 and beyond. Skeptics of cheap stocks should remember that both Amazon and Apple were trading in the single digits at one point. One stock we’ve featured over the years, Zynga, was recently bought by Take-Two Interactive. Cogent Biosciences, which we reported on in March, doubled.
While all five stocks are Buy ratings, it’s important to note that no single analyst report should be used as the sole basis for a buy or sell decision.
This top security company is a well-known protector of homes and businesses. ADT Inc. (NYSE: ADT) is the largest privately held and second largest commercial security surveillance company in North America. The company serves more than 7 million customers and installs more than 1 million systems annually. Around 94% of sales are generated in the US, with the rest in Canada.
Google announced last year that it was buying a 6.6% stake in the home security company for $450 million that would allow it to serve customers of its Nest home security devices. ADT said the companies will work to combine Nest products such as cameras, thermostats, doorbells and alarm systems with ADT’s installation, service and professional surveillance networks.
Goldman Sachs price target of $12 compares to consensus target of $9.88 for ADT shares. Shares last traded at $8.02 on Friday, up more than 4%.
Shares in this popular home services company have been crushed and have huge upside potential. Angi Inc. (NASDAQ: ANGI) connects home professionals with consumers in the United States and internationally.