5 Best Low Cost Tech Stocks to Buy Right Now

4. Blink Charging Co. (NASDAQ:BLNK)

Number of Hedge Fund Holders: 6

Share Price (as of January 4): $25.73

Blink Charging Co. (NASDAQ:BLNK) is a maker of electric vehicle charging equipment that is used to make charging stations. The company is poised to enjoy strong growth, as the US government recently announced plans to spend $7.5 billion on enhancing electric vehicle (EV) charging infrastructure across the country. Not only will this generally drive up EV stocks, but Blink Charging Co. (NASDAQ:BLNK) is considered one of the primary benefactors of this decision.

Out of all the hedge funds tracked by Insider Monkey, 6 reported holding positions in Blink Charging Co. (NASDAQ:BLNK) at the end of the third quarter. The combined value of these holdings stood at around $4.3 million.

In November, H.C. Wainwright analyst Sameer Joshi upgraded Blink Charging Co. (NASDAQ:BLNK) to ‘Buy’ from ‘Neutral’, and set a $50 price target on the stock. The firm’s analyst noted that the recent allocation of $7.5 billion to the EV charging infrastructure in the United States will drive demand for electric vehicles. In January, Blink Charging Co. (NASDAQ:BLNK) announced that it is set to launch 7 new products at the Consumer Electronics Show (CES) in Las Vegas. The company will unveil products that offer cutting edge charging tech, and two mobile apps designed to enhance the charging experience for customers and fleets.