10 Best Growth Stocks Under $10

Usman Kabir
9 min read

In This Article:

In this article, we discuss the 10 best growth stocks under $10. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Growth Stocks Under $10.

In an era of soaring market valuations, cheap growth stocks offer investors of all types a chance to make handsome returns in a short space of time. Growth companies usually boast of a competitive advantage over peers and hence have a strong chance of increasing their earnings and sales faster compared to other firms in the same sector. Unlike value plays, there is also a certain risk associated with investing in growth stocks, but this risk has been what has set success and failure apart at the market in the past few years.

Some of the most popular growth stocks on the market today include Amazon.com, Inc. (NASDAQ: AMZN), Tesla, Inc. (NASDAQ: TSLA), Palantir Technologies Inc. (NYSE: PLTR), Shopify Inc. (NYSE: SHOP), Twitter, Inc. (NYSE: TWTR), and Sea Limited (NYSE: SE), among others. These stocks have registered record rallies over the past year and offered investors handsome returns, in part due to the coronavirus lockdowns and an increased focus on digital offerings, but also because of strong business fundamentals.

Market experts have been advising investors to monitor growth stocks closely as inflation fears reduce prices and offer a buying opportunity. Since more than 20% of the S&P 500 comprises just four large-cap technology firms, it is not often that this opportunity comes along. However, smart investors can also look towards cheaper growth stocks that are trading under $10. Retail investors, who usually bet on cheap plays, could stand to gain a lot from the investments in these firms, some of which have been discussed in detail below.

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