13 Stocks Under $5 With High Upside Potential

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9. DeFi Technologies Inc. (NASDAQ:DEFT)

Stock Price: $3.10

Analyst Upside: 88.51%

Number of Hedge Fund Holders: N/A

DeFi Technologies Inc. (NASDAQ:DEFT) is one of the 13 Stocks Under $5 With High Upside Potential. In a report released on June 17, Ed Engel from Compass Point maintained a Buy rating on DeFi Technologies Inc. (NASDAQ:DEFT) with a price target of $6.50.

The analyst based the rating on the company’s potential for profitability and growth, stating that it has demonstrated the ability to transform its substantial assets under management into significant EBITDA. This suggests a strong operational model with a low fixed cost base.

The analyst further reasoned that this efficiency is especially significant because of the company’s small workforce, showing that DeFi Technologies Inc. (NASDAQ:DEFT) can attain further growth without considerable reinvestment.

Another factor supporting the analyst’s optimistic outlook for DeFi Technologies Inc. (NASDAQ:DEFT) is its international expansion strategy, especially the company’s plans to exchange-traded products on stock exchanges in Singapore and the UAE.

DeFi Technologies Inc. (NASDAQ:DEFT) provides investment services and plans to acquire debt, equity, or other securities of private or publicly traded companies or other entities. Its offerings include DeFi ETNs, DeFi Governance, DeFi Venture, and DeFi Treasury.

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