Last week I told you about four biotech stocks that analysts thought would triple. Today, I want to tell you about five technology stocks that can double from here, for the same reasons.
If you want to find yourself on the right side of big winners, if you want to own the stocks that show up on the news at night after doubling or tripling on the day, you need to focus on this risk/reward relationship in your stock selection.
These are stocks that have consensus analyst price targets well above their current share price that have strong sentiment and Wall Street sponsorship. That formula can prove to uncover deep value investment opportunities. In using this screen, we also have the potential to "back into" finding the presence of an influential investor involved in the stock. That's a huge bonus.
Now, given the backdrop I've described, the following five stocks have recently hit our radar as high potential, deep value candidates. These stocks have an average analyst price target that is at least 100% higher than their current share price.
1) Emcore Corporation has a current share price $4.42. The consensus analyst target price is $8.63. That gives us a "street projected return" of 95%.
2) Global Geophysical Services Global Geophysical Services Inc. has a current share price $2.80. The consensus analyst target price is $5.57. That gives us a "street projected return" of 100%.
3) Uni-Pixel Uni-Pixel Inc. has a current share price $17.40. The consensus analyst target price is $45.26 That gives us a "street projected return" of 160%.
4) VirnetX Holding Corp. has a current share price $20.75. The consensus analyst target price is $46.67. That gives us a "street projected return" of 125%.
5)Wi-Lan Wi-Lan Inc. has a current share price of $3.26. The consensus analyst target price is $6.57. That gives us a "street projected return" of 101%.
10 Blue Chip Stocks With Fat Dividends
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