12 Stocks Under $10 With High Upside Potential

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6. Rumble Inc. (NASDAQ:RUM)

Share Price: $8.18

No. of Hedge Fund Holders: 13

Analyst Upside Potential: 101.71%

Rumble Inc. (NASDAQ:RUM) is a video-sharing platform and cloud services provider. The company operates in the U.S., Canada, and internationally. Rumble operates through two segments, including Rumble Services and Rumble Cloud. The company also offers a locals platform where users can purchase subscriptions to support creators and access exclusive content.

Rumble Inc. (NASDAQ:RUM) recently announced that President Donald Trump has created an official White House channel on the platform. This can notably increase its visibility and user base. The company continues to ramp up monetization and maintains discipline around its cost structure. With the current development, Rumble expects to move materially towards adjusted EBITDA breakeven in 2025.

On January 15, Maxim Group analyst Thomas Forte initiated coverage on RUM shares and gave a Buy rating with a price target of $20 per share. Forte noted that the company’s robust user growth makes it a strong contender in the video space. During Q3 2024, Rumble had over 67 million average global monthly active users (MAUs) compared to 53 million in Q2 2024. Q3 marked the 11th consecutive quarter above 40 million average global MAUs on the platform.

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