In this article, we will take a look into the 12 Stocks Under $10 With High Upside Potential.
Small-cap stocks in the U.S. have suffered as the broader market is under pressure due to the ongoing tariff policy transition. The Russell 2000 small cap index fell over 15% from its November 2024 highs as of March 7. It has dropped by almost 9% year-to-date. In comparison, the S&P 500 index, which tracks large-cap stocks, has plunged over 3.50% so far in 2025.
However, things could change for small-cap stocks. President Trump’s focus on domestic economic growth could make them more attractive. The prospect of higher interest rates remains a major hurdle, as rising borrowing costs tend to impact smaller companies more than larger ones. Keith Lerner, co-chief investment officer at Truist Advisory Services, addressed this situation as a “tug of war”—where strong economic growth could benefit small caps, but higher rates pose a challenge to them.
Experts’ Take on Small-Cap Prospects in 2025
Experts have a mixed view of small caps. Some see potential growth opportunities due to better economic activity in the domestic market, while others have doubts due to fewer interest rate cuts expected in 2025. Those bullish on small-cap stocks expect reduced regulations and support for domestic industries from Trump’s policies.
Sameer Samana, senior global market strategist at Wells Fargo Investment Institute, noted that small companies are more US-focused than multinational corporations. However, a tariff increase can create disruption in supply chains, which may hurt smaller businesses too.
MJP Wealth Advisors chief investment officer Brian Vendig appeared on Yahoo! Finance’s Catalysts and addressed the potential outlook of small-cap stocks in 2025. Vendig sees a stable economy and policy that will positively impact the small-caps, creating business expansion and merger opportunities. He added that the market will remain choppy in the first few months of 2025, but things will improve as the policies become clearer.
According to RBC Wealth Management, small caps finally seem ready for a comeback after years of trailing behind large-cap stocks.
With that said, let’s take a look at the 12 Stocks Under $10 With High Upside Potential.
A financial analyst looking at a monitor displaying the stocks of the public company.
Our Methodology
We used the Finviz stock screener to compile a list of stocks under $10 with an upside of over 50%. Once we had an aggregated list, we ranked these stocks based on the analyst upside potential sourced from CNN. Please note that the share price is accurate as of March 7. We also mentioned hedge fund sentiment around each stock, as of Q4 2024. Finally, the 12 best stocks under $10 with high upside are ranked in ascending order of the upside potential.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
12 Stocks Under $10 With High Upside Potential
12. VinFast Auto Ltd. (NYSE:VFS)
Share Price: $3.54
No. of Hedge Fund Holders: 5
Analyst Upside Potential: 69.49%
VinFast Auto Ltd. (NYSE:VFS) is focused on designing and manufacturing EVs, e-scooters, and e-buses. VinFast’s designs feature signature lighting that frames its V logo and sweeps out to the corners of the car. The company is working on its growth strategy and on balancing revenue growth and optimizing costs. The company’s target for FY2024 is to deliver 80,000 EVs, continuing to improve its global footprint and fuel profitability.
Recently, VinFast Auto Ltd. (NYSE:VFS) announced that it is entering the Indian market with the launch of VF 6 and VF 7. India has become the first market where VinFast has developed a right-hand drive version of the VF 6 and VF 7. These two models are expected to set a new benchmark in the green transportation industry in India. This shows that the company is focused on strategic investments and improving operating efficiencies and production capacities.
VinFast’s acceleration towards a dealership model as part of its international strategy has been paying off. The company has over 173 showrooms globally for EVs and 160 showrooms and service workshops for e-scooters. During Q3 2024, the company achieved record monthly deliveries in its home market, becoming the market leader in Vietnam. In addition to that, the company is experiencing great demand in North America. The expansion of EV adoption and VinFast Auto Ltd.’s market entry strategies are expected to fuel international presence and sales growth.
11. Alight, Inc. (NYSE:ALIT)
Share Price: $6.31
No. of Hedge Fund Holders: 42
Analyst Upside Potential: 74.33%
Alight, Inc. (NYSE:ALIT) is a cloud-based human capital technology and services provider. Its Employer Solutions segment offers employee well-being, benefits administration, and payroll services leveraging AI. Alight’s Professional Services segment provides cloud advisory and optimization, while its Worklife platform focuses on improving employee engagement and driving organizational performance.
On February 21, Needham analyst Kyle Peterson reiterated a Buy rating on ALIT shares, with a price target of $9 per share. Peterson highlighted that Alight is returning to its core competencies, emphasizing customer service and relationships. The company’s divestiture of its payroll and professional services has enhanced its fundamentals, strengthening its balance sheet.
Alight, Inc. (NYSE:ALIT) posted solid results during Q4 2024, with quarterly revenue of $680 million. The company’s recurring revenue comprised 91% of the total revenue, driven by a significant increase in ARR bookings and robust cash flow. For the full year, the company achieved an 18% increase in ARR bookings, reflecting strong demand for its solutions. The company completed its cloud migration, which has improved operational stability and efficiency. Alight has also announced a $200 million increase to its share repurchase authorization, indicating confidence in its financial health.
10. Transocean Ltd. (NYSE:RIG)
Share Price: $2.75
No. of Hedge Fund Holders: 38
Analyst Upside Potential: 76.36%
Transocean Ltd. (NYSE:RIG) is a global leader in offshore contract drilling and provides essential services to the oil and gas industry. The company specializes in ultra-deepwater and harsh environment drilling. It owns and operates one of the most advanced drilling fleets in the industry.
The company recently executed the first two 20K subsea completions in industry history. With this achievement, Transocean now has a competitive edge in the sector. Transocean Ltd. (NYSE:RIG) has reported strong Q4 2024 results, posting contract drilling revenues at $952 million and adjusted EBITDA at $323 million. The company secured several high-value contracts, including a $410,000 per day contract with Reliance Industries in India. This contract ensures strong cash flow through 2027. In addition to that, the company’s total backlog stands at a remarkable $8.3 billion, reflecting substantial revenue visibility into 2026. This strong financial stability makes it one of the top stocks under $10.
9. Sasol Limited (NYSE:SSL)
Share Price: $4.17
No. of Hedge Fund Holders: 11
Analyst Upside Potential: 84.88%
Sasol Limited (NYSE:SSL) is an integrated energy and chemical company. The company’s operations span across coal mining, natural gas, oil, gas stations, and chemicals. Sasol has a significant global footprint across 30 countries.
The company improved FCF by more than 80% in Q2 FY2025 despite macroeconomic headwinds. Sasol has also completed repairs at the Natref refinery, bringing it back online. Natref will add to the company’s revenue in the remaining half of fiscal year 2025. Recently, the company signed a Joint Development Agreement (JDA), with Anglo American, a global mining company, and De Beers, a leading diamond firm, to pilot the production of feedstock for renewable diesel. This JDA will focus on Solaris and Moringa plantations to generate vegetable oil while assessing the technical and commercial viability of feedstock production. Sasol’s existing assets can take a variety of feedstocks, allowing the company to produce renewable diesel at lower costs.
In the Q2 FY2025, Sasol Limited’s (NYSE:SSL) saleable production in mining remained consistent with the previous quarter, while the production during the first half of FY2025 was 1% lower from a year ago. The company has also experienced significant progress in its International Chemicals segment, with an 80% increase in adjusted EBITDA. If the prices of its key commodities rise once again, SSL could potentially improve its financial fortunes.
8. Amicus Therapeutics, Inc. (NASDAQ:FOLD)
Share Price: $9.11
No. of Hedge Fund Holders: 40
Analyst Upside Potential: 86.61%
Amicus Therapeutics, Inc. (NASDAQ:FOLD) is a biotech company engaged in the discovery, development, and delivery of medicines to treat metabolic diseases. Amicus introduced the first and only approved oral precision medicine to treat Fabry disease, a clinical-stage treatment paradigm for Pompe disease.
Amicus Therapeutics, Inc. (NASDAQ:FOLD) posted solid full-year 2024 financial results, with revenue reaching $528 million, up by 32% from a year ago. The company launched POMBILITI and OPFOLDA for late-onset Pompe disease, adding more than $70 million to revenue in their first year. The company’s precision medicine that treats Fabry disease, Galafold, achieved $458 million in revenue, driven by strong patient demand and market penetration.
Galafold’s continued penetration into the diagnosed untreated population will be a key driver of growth in 2025 and beyond. This positions Amicus to improve its profitability moving forward. The company is on track to reach $1 billion in total sales by 2028, with growing medicines with long commercial runways, financial strength, and a leverageable global infrastructure further supporting these objectives.
7. Uranium Energy Corp. (NYSE:UEC)
Share Price: $5.25
No. of Hedge Fund Holders: 34
Analyst Upside Potential: 95.24%
Uranium Energy Corp. (NYSE:UEC) is a uranium mining and exploration company with operations focused on in-situ recovery (ISR) technology. The company operations include exploration, pre-extraction, extraction, and processing at projects in the United States, Canada, and the Republic of Paraguay. Uranium Energy is expanding its extraction activities and aims to become a leading low-cost uranium supplier in North America.
Uranium Energy Corp. (NYSE:UEC) faces a potential threat from the U.S. tariffs on Canada. The company holds various uranium projects in both the U.S. and Canada. This makes the company vulnerable to lower demand as a result of the growing trade war between the two economies. Canada currently accounts for 27% of the total uranium supply to the U.S., as per the US Energy Information Administration.
However, the company is swiftly expanding its operations amid the growing demand for electricity generation, a global push towards decarbonizing electrical grids, and various geopolitical factors. Moreover, the acquisition of Rio Tinto’s Wyoming assets has strengthened the company, boosting its production capabilities in Wyoming’s Great Divide Basin. It has also made UEC the largest licensed production capacity in the U.S., with the assets collectively holding over 175 million pounds of historic resources.
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.
5. Riot Platforms, Inc. (NASDAQ:RIOT)
Share Price: $8.41
No. of Hedge Fund Holders: 38
Analyst Upside Potential: 105.11%
Riot Platforms, Inc. (NASDAQ:RIOT) is a Bitcoin mining and digital infrastructure company. The company has Bitcoin mining operations in central Texas and Kentucky, and electrical switchgear engineering and fabrication operations in Denver, Colorado. Riot Platforms is also exploring artificial intelligence and high-performance computing (HPC) to diversify and strengthen its revenue streams.
On February 25, Roth MKM analyst Darren Aftahi maintained a Buy rating on RIOT shares, keeping a price target of $20 per share. The analyst remains bullish on RIOT following remarkable results in 2024. Riot Platforms, Inc. (NASDAQ:RIOT) posted revenues of around $376.7 million for 2024, a 34% increase from a year ago. The company increased its self-mining hash rate by 154% in 2024, outpacing the global hash rate increase of 67%. RIOT ended the year holding 17,722 Bitcoins, a 141% rise from 2023, indicating a strong Bitcoin yield strategy. In addition, the company acquired E4A Solutions which will improve RIOT’s engineering business, offering higher-margin recurring services revenues.
4. NexGen Energy Ltd. (NYSE:NXE)
Share Price: $4.78
No. of Hedge Fund Holders: 37
Analyst Upside Potential: 105.18%
NexGen Energy Ltd. (NYSE:NXE) is a Canadian company exploring ways to deliver clean energy fuel for the future. The company’s flagship Rook I Project is being optimally developed into the largest low-cost producing uranium mine globally. The Rook I Project is being built under the most elite environmental and social governance standards.
NexGen Energy Ltd. (NYSE:NXE) recently announced the beginning of a 43,000-meter exploration drill program at Patterson Corridor East, which lies in the world-class Arrow deposit. The program will continue to test the extent and growth of mineralization discovered in early 2024 at Patterson Corridor East. This program will be one of the largest drill programs in the Athabasca Basin, Saskatchewan in 2025, with an increase of 9,000 meters from the 2024 program.
The Patterson Corridor East drilling site remains a key asset for the company’s future growth. It has intersected multiple high-grade uranium zones, creating opportunities for NexGen to enhance its resource base.
3. ImmunityBio, Inc. (NASDAQ:IBRX)
Share Price: $3.02
No. of Hedge Fund Holders: 15
Analyst Upside Potential: 131.79%
ImmunityBio, Inc. (NASDAQ:IBRX) is a clinical-stage biotechnology company developing therapies and vaccines that support the natural immune system to defeat cancers and infectious diseases. The biotech firm is making massive strides and has had a remarkable start to 2025.
ImmunityBio, Inc. (NASDAQ:IBRX) recently obtained the Food and Drug Administration’s (FDA) Regenerative Medicine Advanced Therapy designation for ANKTIVA and CARNK to treat lymphopenia and pancreatic cancer. Earlier in February, the FDA authorized ImmunityBio to help address the supply shortage of bladder cancer treatments in the U.S. by bringing a vital alternative source of BCG (Bacillus Calmette-Guérin).
Moreover, the issuance of the permanent J-code in January 2025 has helped the company to increase sales momentum. The company’s February 2025 unit sales volume soared 67% over January and January’s unit sales combined exceeded unit sales achieved for all of Q4 2024. In Q4 2024, the company reported a net product revenue of $7.2 million, up by 21% from the previous quarter.
2. Cosan S.A. (NYSE:CSAN)
Share Price: $4.71
No. of Hedge Fund Holders: 14
Analyst Upside Potential: 134.08%
Cosan S.A. (NYSE:CSAN) is a Brazilian company that operates in various sectors, including logistics, fuel distribution, natural gas, and lubricants. The company controls logistics firm Rumo, lubricants company Moove, and natural gas firm Compass and shares control of Raizen with Shell.
Cosan S.A. (NYSE:CSAN) posted mixed results during Q4 2024. The company reported an EBITDA of approximately BRL 30 billion or $5.1 billion. Despite the positive EBITDA, Cosan recorded a negative earnings of BRL 900 million for 2024. The company pointed out that the depreciation of the Brazilian Real and the devaluation of its shares were the main causes of the mixed financial performance. In January 2025, the company sold nearly 173 million shares of its stake in Vale, cutting the stake by 4.05%. The sale of Vale shares has reduced Cosan’s debt by 40%. The company’s aim behind this move was to optimize its capital structure.
Cosan S.A. (NYSE:CSAN) made some notable developments in 2024, with Rumo posting record-level transportation volume, indicating the quality of the asset and execution capabilities. Compass cited growth in distributed natural gas volumes and ramped up Edge operations, reflecting positive prospects. Moove also increased revenues despite lower volumes sold, showing effective supply management and operational efficiency.
1. CleanSpark, Inc. (NASDAQ:CLSK)
Share Price: $7.76
No. of Hedge Fund Holders: 27
Analyst Upside Potential: 196.39%
CleanSpark, Inc. (NASDAQ:CLSK) is an American Bitcoin mining company. It plays a key role in the Bitcoin blockchain network by validating transactions and securing the network through mining activities. CleanSpark holds one of the largest self-mined Bitcoin treasuries in the industry, with over 10,000 Bitcoins mined in the U.S.
CleanSpark, Inc. (NASDAQ:CLSK) continues to grow following a strong performance in 2024. In Q1 FY2025, the company posted a revenue of $162.3 million, a significant growth of 120% year-over-year. The net income was around $246.8 million, showing strong financial performance. CleanSpark has secured a $650 million convertible bond, fully funding its growth strategy to reach 50 exahash by mid-2025 without relying on equity. The company has reduced its marginal cost per Bitcoin to almost $34,000, improving its fleet efficiency and profitability.
On February 12, Needham analyst John Todaro initiated a Buy rating on CLSK shares, setting a price target of $20 per share. Todaro is optimistic about the industry’s future and CleanSpark’s strong operational efficiency, attractive valuation, and solid balance sheet.
While we acknowledge the potential of CLSK to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CLSK but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks To Invest In According to Billionaires.
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