5 Popular Penny Stocks on Robinhood

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In this article, we discuss the 5 popular penny stocks on Robinhood. If you want to read our detailed analysis of these stocks, go directly to the 10 Popular Penny Stocks on Robinhood.

5. Iveda Solutions, Inc. (NASDAQ:IVDA)

Stock Price as of June 10: $1.680

Iveda Solutions, Inc. (NASDAQ:IVDA) is a Mesa, Arizona-based provider of smart city digital transformation technologies that went public in April 2022.

In a note issued to investors on June 2, Allen Klee at Maxim initiated coverage on Iveda Solutions, Inc. (NASDAQ:IVDA) stock with a Buy rating and a price target of $4. The analyst highlighted that the artificial intelligence (AI) backed video surveillance provided by Iveda Solutions, Inc. (NASDAQ:IVDA) addresses the expanding markets of smart cities and the Internet of Things. Klee stated that the growth of Iveda Solutions, Inc. (NASDAQ:IVDA) would be driven by strategic partners along with a trusted history with big cities and agencies.

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