While most of Wall Street focuses on large and large-cap stocks because they offer a degree of safety and liquidity, many investors are limited in the number of stocks they can buy. Many of the biggest public companies, especially the tech giants, trade in the hundreds, up to over $1,000 per share or more. At these high prices, it’s hard to get decent leverage on the number of shares.
Many investors, especially more aggressive traders, look to low priced stocks as a way to not only make money, but also get a higher number of shares. This can really help the decision-making process, especially when you’re on to a winner, because you can always sell half and keep half.
We scoured our 24/7 research database on Wall St. for well-known companies that could very well offer patient investors huge returns for the remainder of 2022 and beyond. Low-priced stock skeptics should remember that at one point, Amazon and Apple were trading in single digits. A stock we’ve featured over the years, Zynga, was recently purchased by Take-Two Interactive.
Although all five stocks are rated Buy, it is important to remember that no single analyst report should be used as the sole basis for any buy or sell decision.
Shares of this popular home services company have been crushed and have huge upside potential, even after climbing higher this week. Angi Inc. (NASDAQ:ANGI) connects home service professionals with consumers in the United States and around the world.
The Angi Ads business connects consumers with service professionals for local services through Angi’s national online directory of service professionals in various service categories. It provides consumers with valuable tools, services and content, including verified reviews, to help them find, buy and hire local services, and it sells fixed-term mobile and digital website and magazine ads. to service professionals, as well as quotes, billing and payment services.
The Company also owns and operates the digital marketplace service Angi Leads, which connects consumers with service professionals for home repair, maintenance and improvement projects; provides consumers with tools and resources to find local, pre-screened and customer-reviewed service professionals, as well as online appointment scheduling; and connects consumers to telephone service professionals and home service resources.
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Angi also operates Handy, a household services platform, primarily cleaning and repair services; Angi Roofing, which provides roof replacement and repair services; and home service marketplaces under the names Works, MyHammer, Werkspot, MyBuilder and Instapro.
Goldman Sachs has a price target of $12 for Angi stock, while the consensus target is $9.68. Shares closed Friday at $4.77 up 5% and rose another 5% after the trading session.
Sponsored: Tips for Investing
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Investing in real estate helps diversify your portfolio. But expanding your horizons can come with additional costs. If you are an investor looking to minimize your expenses, consider checking out online brokers. They often offer low investment fees, which helps you maximize your profits.