“Investors often hear about analyst upgrades and new “Buy” ratings. What they do not hear from most Wall Street analysts is the prediction that a stock price could double or come close to doubling. Most analysts do not want to get that bold by predicting ”the next Apple” because a call like that can wreck a career. These all come with high risk, but some investors might be inclined to consider these as being extreme value stocks based on the projected upside.
Most stocks simply do not double over the course of a year, and identifying the next double, or ten-bagger, generally has a lot of risk that companies like 3M and GE just do not have. Such calls generally come from boutique research firms, but that is not always the case.
Ocean Power Technologies, Inc. (NASDAQ: OPTT) and XOMA Corporation (NASDAQ: XOMA) were highlighted as stocks which could more than double by analyst calls On Thursday. Deckers Outdoor Corporation (NASDAQ: DECK) is a runner-up as the call was close enough to a double that it caught our attention from the same day, and a call from Monday on Pure Cycle Corp. (NASDAQ: PCYO) will catch the eyes of small-cap and speculative investors with the risk appetite for such a small stock….”
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