Top 5 Multibagger Penny Stocks to Buy in 2022

In this article, we discuss the top 5 multibagger penny stocks to buy in 2022. If you want to read our analysis of the returns being generated by penny stocks, go directly to the Top 10 Multibagger Penny Stocks to Buy in 2022.

5. Diebold Nixdorf, Incorporated (NYSE:DBD)

Number of Hedge Fund Holders: 16

Diebold Nixdorf, Incorporated (NYSE:DBD) is a North Canton, Ohio-based provider of banking solutions and retail technology to the financial sector. The company has installed more than two million point-of-sale (POS) software and automated teller machines (ATMs) as of 2022.

Diebold Nixdorf, Incorporated (NYSE:DBD) has more than 3,000 patents under its ownership. On July 8, Matt Bryson at Wedbush upgraded Diebold Nixdorf, Incorporated (NYSE:DBD) stock from a Neutral to an Outperform rating with a price target of $5. The analyst thinks that despite the economic uncertainty, Diebold Nixdorf, Incorporated (NYSE:DBD) is in a position to see its revenue and earnings improve in 2022 and 2023. Bryson backed this claim up by highlighting the company’s record level of backlog compared to the expected sales. Bryson also added that Diebold Nixdorf, Incorporated (NYSE:DBD) is in the process of ramping up its new ATMs. Diebold Nixdorf’s offerings could result in potential cost savings for customers at a time when wages are constantly rising, and suitable resources are challenging to find.

Of the 912 hedge funds in Insider Monkey’s database, Diebold Nixdorf, Incorporated (NYSE:DBD) was held by 16 hedge funds as of Q1 2022.