Shares move upward. thestreet.com Tip Ranks column recommends SQNS based on Analyst upside price targets: "BUY rating and $3.75 price target.". Lots of eyes read thestreet.com
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5 Stocks Priced Under $10 That You Must Buy
There are still good bargains to be found in this market, especially among those stocks priced under $10.
Tip Ranks Apr 17, 2018 Bargains can still be found in this bull market. The stocks below may be cheap, but they all offer impressive value for the money and big upside potential. Furthermore, all five of these cheap stocks to buy have significant support from Wall Street's best-performing analysts. While it may be difficult to find compelling stocks for under $10, we've selected five gems worth exploring. To pinpoint these top stocks, we turned to TipRanks' stock screener. We used this screener, which covers over 5,000 stocks, to find only the best stocks with a 'Strong Buy' analyst consensus rating. This is based on all the ratings that a stock has received in the last three months...
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Sequans Communications SA (SQNS)
Current share price: $1.65
France-based Sequans is a 4G chipmaker and leading provider of single-mode LTE (long-term evolution) chipset solutions. This incredibly cheap chip stock has 100% support from the Street right now. Indeed, four top-rated analysts have published buy ratings on Sequans. Their average analyst price target: $3.06. This may not sound like much, but with shares trading at under $2, even $3.06 indicates huge upside potential of 85%.
Top Canaccord Genuity analyst Michael Walkley has been busy catching up with Sequans CEO Georges Karam, and CFO Deborah Choate. These meetings have left Walkley particularly bullish about growth prospects for the second half of 2018.
He explains: "Sequans has secured a number of design wins and is working with roughly 60 customers and leading OEMs including Gemalto, Wistron, and Huawei along with several leading ODMs and direct end customers. We believe Sequans is well positioned for the single-mode Internet of Things growth opportunity and maintain our BUY rating and $3.75 price target." |
