Read more: Best Short Squeeze Penny Stocks To Buy? 4 To Watch Right Now Penny Stocks to Buy According To Analysts ( NYSE:NIO), and Novavax ( NASDAQ:NVAX) are a handful that’ve scored huge points for early investors.ĭoes this mean all penny stocks go on to trade upwards of $300 a share? No, but that type of underlying opportunity is what keeps retail traders and investment firms coming back for more. GameStop ( NYSE:GME), AMC Entertainment ( NYSE:AMC), FuelCell Energy ( NASDAQ:FCEL), Nio Inc. The list of examples of penny stocks that hit it big for investors continues growing. You can find that some penny stocks have the potential to offer real value in the long run. No matter what popular opinion may say, these aren’t lottery tickets or roulette bets. The beauty of investing in penny stocks, besides making quick money, is the ability to take a stake in companies early on. However, find the right mix of risk and reward, and these cheap stocks can offer plenty of opportunities to make money. Much of the time, it has to do with the early stages of development that they are in. These companies are considered penny stocks for a reason. Keep in mind that just because they’re not listed on the OTC, there isn’t risk. ![]() This means that most brokers should allow you to view things like charts, filings, and the like. Also, by definition, we’re talking about stocks under $5, but all are listed on major exchanges like the Nasdaq and NYSE. These Wall Street firms have weighed in and given Buy ratings and some pretty hefty price targets to pair with their ratings. If you’d like to see the second half of this list, check out 5 Top Penny Stocks Analysts Say To Buy Now With 123%-733% Targets. ![]() In this article, we talk about 5 of the 10 penny stocks to buy now, according to analysts.
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