In this article, we will take a look at the 5 best tech stocks to buy under $10. If you want to see our detailed analysis of the technology sector, go directly to the 10 Best Tech Stocks to Buy Under $10.
5. BlackBerry Inc. (NYSE:BB)
Number of Hedge Fund Holders: 20
Stock Price as of October 2: $9.70
BlackBerry Limited (NYSE:BB) is a cybersecurity company based in Waterloo, Canada. Ranked fifth on the list of the 10 best tech stocks to buy under $10, the company provides security software that make use of artificial intelligence and machine learning against cyberthreats.
The company reported revenues of $266 million in its earnings report for the second quarter of 2021, which beat estimates by $26.26 million. The earnings per share was reported to be $0.11, surpassing estimates for the quarter by $0.09.
At the end of the second quarter of 2021, 20 hedge funds in the database of Insider Monkey held stakes worth more than $732 million in BlackBerry Limited (NYSE:BB). This is compared to 24 hedge funds in the previous quarter that held stakes amounting to approximately $499.7 million.
On September 23, TD Securities analyst Daniel Chan raised his price target on BlackBerry Limited (NYSE:BB) to $9 from $8.50 and kept a Reduce rating on the shares after the company released its second quarter report.
Out of the hedge funds being tracked by Insider Monkey, New York-based investment fund Kahn Brothers is a leading shareholder of BlackBerry Limited (NYSE:BB), with over 1.76 million shares worth $21.54 billion.