In this piece we will look at the 5 Best Rising Penny Stocks to Buy Now. Please visit 8 Best Rising Penny Stocks to Buy Now if you’d like to see an extended list and how we came up with the list of Best Rising Penny Stocks to Buy Now.
5. Playtika Holding Corp. (NASDAQ:PLTK)
Price: $3.18
Number of Hedge Fund Holders: 22
Playtika Holding Corp. (NASDAQ:PLTK) is one of the Best Rising Penny Stocks to Buy Now.
On April 6, Playtika Holding Corp. (NASDAQ:PLTK) announced the formation of a special committee of independent board directors to launch a full review of the company’s portfolio. Management noted that the committee will be exploring strategic alternatives such as selling parts of the business, spinning off assets, mergers, acquisitions, or even a full company sale. The company has retained Morgan Stanley as their financial advisor for the process.
This comes at a time when analysts have a more conservative view on Playtika Holding Corp. (NASDAQ:PLTK). As of April 11, 75% of the 12 analysts covering the stock had a Hold rating. The average 12-month price target of analysts still suggests more than 27% upside from the current level.
The most recent analyst’s rating on the stock is from March 5, when Eric Handler from Roth MKM reiterated a Hold rating and reduced the price target from $4 to $3.
Playtika Holding Corp. (NASDAQ:PLTK) is a leading Israeli digital entertainment company that specializes in the development, publication, and operation of free-to-play mobile games. It is known for its portfolio of casual and social casino-themed games, managing popular titles such as Slotomania, Bingo Blitz, and June’s Journey.
4. BlackBerry Limited (NYSE:BB)
Price: $3.82
Number of Hedge Fund Holders: 24
BlackBerry Limited (NYSE:BB) is one of the Best Rising Penny Stocks to Buy Now.
On April 9, BlackBerry Limited (NYSE:BB) released its fiscal Q4 2026 earnings. The company posted $156 million in revenue, reflecting 10.09% year-over-year growth and topped expectations by $11.45 million. The EPS of $0.06 also exceeded the consensus by $0.02. Management attributed growth to the QNX segment, which posted a record quarterly revenue of $78.7 million, reflecting more than 20% year-over-year growth. Moreover, the QNX royalty backlog increased to approximately $950 million.
Notably, the company also improved its adjusted EBITDA by 71% year-over-year and GAAP operating income by $30.9 million year-over-year. Looking ahead, management expects fiscal Q1 2027 revenue in the range of $132 million to $140 million, with QNX segment revenue expected to be around $60 million to $64 million.
Following the release, on April 10, Canaccord Genuity reiterated a Hold rating on the stock and lowered the price target from $4.6 to $4.4. Earlier, on April 9, RBC Capital had also maintained a Hold rating on the stock with a price target of $4.5.
BlackBerry Limited (NYSE:BB) is a Canadian provider of intelligent security software and services to both enterprises and government organizations. Incorporated in 1984, the company operates through three segments: Secure Communications, QNX, and Licensing.
3. Plug Power Inc. (NASDAQ:PLUG)
Price: $2.74
Number of Hedge Fund Holders: 29
Plug Power Inc. (NASDAQ:PLUG) is one of the Best Rising Penny Stocks to Buy Now.
On April 9, Susquehanna analyst Charles Minervino raised the firm’s price target on Plug Power Inc. (NASDAQ:PLUG) from $2.50 to $2.75, while keeping a Neutral rating on the shares. The firm noted that the increased price target comes as they updated their estimates in the alternative energy group ahead of Q1 2026 earnings.
On the same day, RBC Capital also raised the price target on the stock from $1.50 to $2.75 and maintained a Sector Perform rating on the shares. The firm quoted their talks with the CFO, Paul Middleton, and VP Director IR, Roberto Friedlander, highlighting the company’s path to profitability and growth. These talks resulted in a more optimistic view of the company’s near-term financial targets and the opportunity pipeline. The increased price target is based on multiple expansions of roughly 3.5 times 2026 sales.
Plug Power Inc. (NASDAQ:PLUG) develops hydrogen fuel cell product solutions in North America, Europe, Asia, and internationally.
2. JetBlue Airways Corporation (NASDAQ:JBLU)
Price: $4.93
Number of Hedge Fund Holders: 34
JetBlue Airways Corporation (NASDAQ:JBLU) is one of the Best Rising Penny Stocks to Buy Now.
On April 2, JetBlue Airways Corporation (NASDAQ:JBLU) was maintained with a Hold rating by TD Cowen. However, the firm lowered the price target on the stock from $5 to $4.5. The firm noted that the reduced price target on the stock is part of the company’s Q1 earnings preview of the sector. TD Cowen noted that they find investors to be incrementally more skeptical about the resilience of travel demand as the gas prices remain inflated for a prolonged period. The firm also quoted decelerating credit card data as one of the reasons behind the lowered price targets.
JetBlue Airways Corporation (NASDAQ:JBLU) is expected to release its fiscal Q1 2026 earnings on April 21. Wall Street expects revenue around $2.24 billion, flat quarter-over-quarter. The EPS is expected to be around negative $0.69.
JetBlue Airways Corporation (NASDAQ:JBLU) is a U.S.-based low-cost airline operating an extensive network across the Americas and Europe.
1. Peloton Interactive, Inc. (NASDAQ:PTON)
Price: $4.74
Number of Hedge Fund Holders: 52
Peloton Interactive, Inc. (NASDAQ:PTON) is one of the Best Rising Penny Stocks to Buy Now.
On April 1, Reuters reported that Peloton Interactive, Inc. (NASDAQ:PTON) won a major case after US District Judge Margo Brodie in Brooklyn dismissed a shareholder lawsuit that accused the company of hiding safety and quality‑control problems with its exercise bikes.
The report noted that the case alleged that Peloton knew about rust on seat frames and failing seat posts but told factory workers to cover up corrosion and did not disclose 35 reports of broken seat posts before a May 2023 recall of about 2.2 million original‑model bikes in the US.
However, the judge ruled that investors did not prove Peloton defrauded them, as the court did not find enough evidence that the company’s assurances were false just because recall risks were rising. The judge also said that Peloton cannot be held liable for having initially underestimated the cost of the recall or for not disclosing that 35 isolated complaints would necessarily lead to a recall of every original‑model bike sold between January 2018 and May 2023.
The dismissal removes a significant litigation overhang for shareholders, lowering the near‑term risk of a large class‑action payout and improving the legal backdrop for the equity story.
Peloton Interactive, Inc. (NASDAQ:PTON) is a global fitness technology company offering internet-connected exercise equipment such as bikes, treadmills, rowers, and others, which stream live and on-demand fitness classes through a subscription service.
While we acknowledge the potential of PTON to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PTON and that has 100x upside potential, check out our report about the cheapest AI stock.
READ NEXT: 7 Hot Growth Stocks to Invest in Right Now and 7 Ridiculously Cheap Stocks to Buy According to Wall Street Analysts.
Disclosure: None. Follow Insider Monkey on Google News.
