Officially, if anybody sought ideas about penny stocks to buy, my only response is this: don’t. While this sector carries a powerful reputation for delivering remarkable gains, it also suffers from a dark side. Based on survivorship bias, it’s easy to think that anyone can profit from market speculation. In reality, very few do.
That’s the bad news and I must disclose that from an ethical standpoint before discussing penny stocks to buy. Now, for the good news, it’s always possible – though not probable – that you can win in this ecosystem.
To better your odds for success, you might want to consider ideas that have a reasonable shot at upside. For this goal, I’m going to rely heavily on analyst price targets. Each of these ideas features strong double-digit return forecasts – and two that reach into the triple digits. So, if you can handle the heat, here are penny stocks to consider.
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