Goldman Sachs Has 5 Sizzling Stocks Under $10 to Ride the Rally With Huge Upside Potential

IHS

Shares of this wireless tower giant have been crushed and offer huge upside potential. IHS Holding Ltd. (NYSE: IHS) owns, operates and develops shared telecommunications infrastructure in Africa, Latin America, Europe and the Middle East. It offers colocation and lease agreement, build-to-suit, fiber connectivity and rural telephony solutions. The company serves mobile network operators, internet service providers, broadcasters, security functions and private corporations.

Including the approximately 5,700 towers subject to the imminent completion of its pending deal in South Africa, IHS will own nearly 39,000 towers across 11 countries, making the company the third largest independent multinational tower company by tower count. This geographic scale helps diversify the revenue stream, and also positions IHS in some of the largest emerging markets in the world, including the three largest countries in Africa and the largest Latin American country by gross domestic product.

Goldman Sachs recently trimmed its $15 target price to $13. The consensus target is higher at $17.25, but IHS stock traded on Friday at $6.50.

Kosmos Energy

This stock is a solid energy exploration and production play, and with oil and gas prices near all-time highs, this could be an outstanding idea now. Kosmos Energy Ltd. (NYSE: KOS) is a deepwater independent oil and gas exploration and production company, focused along the Atlantic Margins.

The company’s primary assets include production offshore Ghana, Equatorial Guinea and the U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal. It also maintains a proven basin exploration program.

Kosmos Energy’s focus is on unlocking new hydrocarbon systems and growing and maturing discovered basins through follow-on exploration success, development and production.

Kosmos Energy stock has a $9 target price at Goldman Sachs. The consensus target is just $7.68, and the shares traded at $7.05 on Friday.

These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. While clearly not suited for all investors, they are not penny stocks with absolutely no track record or liquidity, and with Goldman Sachs very bullish on all of them, they could be poised to move much higher.

Originally published at 24/7 Wall St.

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