10 Best Single Digit Stocks to Buy Right Now

7. Lumen Technologies, Inc. (NYSE:LUMN)

Share Price: $9.41

Number of Hedge Fund Holders: 38

Lumen Technologies, Inc. (NYSE:LUMN) is one of the best single digit stocks to buy right now. On May 6, TD Cowen increased its price target on Lumen Technologies, Inc. (NYSE:LUMN) from $8 to $9 and maintained its Hold rating on the stock.

The research firm noted that the company reported better-than-expected Q1 2026 results, especially in EBITDA, supported by solid performance in its Public Sector business and $32 million in one-time PCF milestone payments.

Lumen Technologies, Inc. (NYSE:LUMN) reported Q1 PCF revenue reached $78 million, tied to nearly $13 billion in PCF deals that the company has already announced. This included the one-time PCF milestone payment of $32 million, which will not repeat in the second quarter. The company also said its long-term PCF revenue outlook does not include any additional PCF deals beyond those already announced.

Additionally, Lumen Technologies, Inc. (NYSE:LUMN) announced an agreement to acquire Alkira, a cloud-native, carrier-agnostic networking platform that allows enterprises to design, deploy, and operate connectivity and network services across hybrid and multi-cloud environments.

The deal will combine Alkira’s cloud-native data and control plane with Lumen Technologies, Inc.’s (NYSE:LUMN) fiber network. This will advance the company’s digital platform strategy to offer cloud-like consumption for global enterprise networking.

Lumen Technologies, Inc. (NYSE:LUMN) is an American telecommunications and technology company that offers networking, edge cloud, collaboration, and cybersecurity solutions.