It isn’t difficult to find penny stocks with major upside if you measure upside based on current price and target price. As an example, it’s very easy to find multiple stocks trading for below $1 that have target prices above $10. We can then say that they have 10X potential.
In other words, we can call any stock trading below its target price “undervalued.” And by that definition, it’s very easy to find undervalued penny stocks with major upside. The issue here is that many, if not all of those stocks will have lost money for investors.
That is what separates the stocks on this list: They have momentum as well as major upside. At the time of writing, all of the shares listed in this article have produced gains year-to-date. On top of that, they also have plenty of room between current prices and target prices. Let’s get into what makes them special.
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