As the stock market continues to become more and more unpredictable, it’s increasingly important for traders to use every available tool. Whether you’re trading penny stocks or higher-priced shares, one of those tools is analyst insight. This can provide valuable information on a company’s fundamentals, industry trends, and overall sentiment. Looking at analyst ratings over time can help traders make more informed decisions.
Traders can make informed decisions and increase their chances of making successful trades. This article looks at 5 penny stocks with high hopes from analysts. One firm has set its target nearly 2,000% higher than recent closing prices. Others have also issued forecasts as high as 506%.
This post originally appeared at PennyStocks.com.