The stock pays an 8.1% dividend, the highest on this list and a rarity among stocks priced under $10. Telefónica is the leading telecommunications company in Spain. CFRA has a “buy” rating and $6.50 price target for NOK stock, which closed at $3.94 on July 19. Snyder says Nokia has overcome supply chain disruptions and inflation to deliver better-than-expected earnings, and he projects 2.9% revenue growth in 2023. Nokia is positioned to regain lost mobile network market share in 2023. Analyst Keith Snyder says 5G network rollouts in North America and China are gaining momentum, and he predicts the global 5G investment cycle will be larger and longer-lasting than previous cycles. Nokia is a telecom equipment and digital map data vendor that also licenses intellectual property to third parties. Implied upside as of July 19 market close Here are nine of the best stocks to buy under $10, according to CFRA: Stock However, the CFRA Research analyst team has identified nine cheap, high-quality stocks that could be excellent buying opportunities in 2023 for frugal investors. Many of these stocks have challenged underlying business models or difficult near-term outlooks. Stocks priced at this level can be a red flag for investors that something serious is wrong with a company. Unfortunately, quality stocks trading for less than $10 are few and far between. Stocks trading under $10 can be attractive for investors looking to scoop up some cheap shares. Business & Finance Click to expand menu.
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