5 Stocks Under $10 With Massive Upside Potential and ARK’s Cathie Wood Loves Two of Them – 24/7 Wall St.

Holley

Do-it-yourself car enthusiasts know this old-school company well. Holley Inc. (NYSE: HLLY) designs, manufactures, and markets automotive aftermarket products for car and truck enthusiasts in the United States, Canada, Europe, and China.

The company’s products include carburetors, fuel pumps, fuel injection systems, nitrous oxide injection systems, superchargers, exhaust headers, mufflers, distributors, ignition components, engine tuners, automotive performance plumbing products, and exhaust products as well as shifters, converters, transmission kits, transmissions, tuners, and automotive software. It also offers wheels, chassis and suspension products, helmets, head and neck restraints, seat belts, firesuits, and electronic control and monitoring systems.

The company sells its products under the Holley, Holley EFI, APR, MSD, Flowmaster, Powerteq, Accel, and Simpson brands to retailers directly, as well as through distributors and online channels.

Earlier this year, the stock was added to the small-cap Russell 2000, offering a huge advantage as index funds that replicate the index in its entirety have to buy the shares.

JPMorgan has an Overweight rating and has set a $7 target versus the lower $4.85 consensus and Friday’s closing trade of $5.49.

SoFi Technologies

This company took the SPAC route for its IPO and is a sizzling “meme stock” trader favorite. SoFi Technologies, Inc. (NASDAQ: SOFI) provides digital financial services. The company operates through three reportable segments: Lending, Financial Services, and Technology Platform. Its financial services allow its members to borrow, save, spend, invest, and protect their money. The company offers student loans; personal loans for debt consolidation and home improvement projects; and home loans.

SoFi Technologies, Inc. also provides cash management, investment, and other related services. In addition, it operates Galileo, a technology platform that offers services to financial and non-financial institutions; and Apex, a technology-enabled platform that provides investment custody and clearing brokerage services.

BTIG Research has a Buy rating and a big $14 target price. The consensus target across Wall Street is $8.08. The shares were last seen Friday at $9.16.

Five stocks for very aggressive accounts that look to get share count leverage on companies that have sizable upside potential. While not suited for all investors, these are not penny stocks with absolutely no track record or liquidity, and major Wall Street firms have research coverage.