While stocks priced under $10 often carry inherent risks due to potential underlying business challenges, CFRA analysts have highlighted nine stocks that represent quality buying opportunities for 2024, spanning various industries.

  • Telefonica SA (TEF): As a leader in telecommunications, particularly in Spain and Latin America, Telefonica offers a high 6.8% dividend yield. CFRA’s price target: $5.
  • Nokia Corp. (NOK): Positioned in the technology sector, focusing on telecom equipment and network infrastructure, especially for the 5G markets. CFRA’s price target: $4.50.
  • Aegon Ltd. (AEG): Operating in the financial sector, Aegon provides insurance and investment services globally. CFRA’s price target: $7.50.
  • Korea Electric Power Corp. (KEP): This utility company supplies and distributes electricity across South Korea, benefiting from governmental support. CFRA’s price target: $8.
  • Coty Inc. (COTY): In the consumer goods sector, Coty produces beauty products like fragrances and cosmetics. CFRA’s price target: $11.
  • Telecom Italia S.p.A. (OTC: TIIAY): Another major player in the telecommunications sector, focusing on both fixed-line and mobile services primarily in Italy. CFRA’s price target: $3.
  • Veren Inc. (VRN): Part of the energy sector, Veren is involved in oil and gas exploration and production in North America. CFRA’s price target: CAD 13.
  • Goodyear Tire & Rubber Co. (GT): As the leading tire manufacturer in the U.S., Goodyear also produces other rubber-related products. CFRA’s price target: $16.
  • Sabre Corp. (SABR): Operating in the technology sector, Sabre provides software and systems for the global travel industry. CFRA’s price target: $3.70.

The stocks listed span a range of sectors from telecommunications to utilities, consumer goods, financial services, and energy, offering diverse opportunities for investors looking for growth at a modest price. While each carries its own set of risks, the upside potential highlighted by CFRA for these stocks under $10 makes them worth considering for investors looking to expand their portfolios in 2024.