12 Best NYSE Penny Stocks to Buy According to Analysts

7. SelectQuote, Inc. (NYSE:SLQT)

Price as of March 7: $3.60

Analysts upside potential as of March 7: 94.44%

Number of Hedge Fund Holders In Q4 2024: 20

SelectQuote, Inc. (NYSE:SLQT) helps people find and buy insurance. The company uses technology to compare different insurance options and find the best deals for their customers. Key products include life insurance, health insurance, auto and home insurance, and SelectRx.

The company recently announced the closing of a $350 million strategic investment from several investment companies, including Bain Capital. A portion of the funds, $260 million, went to paying down an outstanding term loan, and the remainder went to available liquidity. This investment improves SelectQuote, Inc.’s (NYSE:SLQT) capital structure and provides increased operating flexibility.

For fiscal year 2025, the company has provided guidance projecting revenue between $1.5 billion and $1.6 billion. It expects adjusted EBITDA to range between $115 million and $140 million. According to management, the guidance is based on the company’s ability to generate attractive returns.

Despite excellent fundamentals, SelectQuote, Inc. (NYSE:SLQT) stock has experienced many ups and downs since the beginning of the year. Although the stock has lost 14.67% of its value in the past month, it is still in the green (3.23%) on a year-to-date basis. Analysts project an upside potential of 94.44% from the stock’s current price point, which allows the company to secure a spot on this list of NYSE penny stocks to buy.