5 Bargain Stocks Under $20 With Major Upside for Black Friday

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5 Bargain Stocks Under $20 With Major Upside for ****** Friday

• Investing in stocks priced under $20 can offer potential growth opportunities without the need for significant capital.
• In the spirit of ****** Friday, here are five compelling stocks trading under $20 that stand out as undervalued gems.
• Each of these stocks offers a compelling value proposition, trading at discounted prices relative to their growth potential.
• Looking for more actionable trade ideas? Subscribe here for 60% off InvestingPro as part of our ****** Friday *****!

In the spirit of ****** Friday, we’ve rounded up five compelling stocks trading under $20 that represent exceptional value opportunities in the current market.

These picks—Mobileye (NASDAQ:), Barrick Gold (NYSE:), Lyft (NASDAQ:), Cleveland-Cliffs (NYSE:), and Snap (NYSE:)—are undervalued and offer significant upside potential, as highlighted by InvestingPro’s Fair Value Model.

With ****** Friday’s focus on value, these picks align perfectly with the theme of savvy shopping—this time for your portfolio.

1. Mobileye

• Current Price: $18.03
• Fair Value Estimate: $21.34 (+18.4% Upside)
• Market Cap: $14.6 Billion

Mobileye, a pioneer in advanced driver-assistance systems (ADAS) and autonomous driving technologies, is transforming the automotive industry.

The global push toward vehicle safety and autonomy is accelerating demand for ADAS technology. With partnerships across major automakers and increasing regulatory requirements for safety features, Mobileye is well-positioned to dominate the self-driving revolution. Recent innovations in its next-gen chips and mapping technology further solidify its growth trajectory.

Source: InvestingPro

The InvestingPro Fair Value model suggests that the stock is substantially undervalued, making it an attractive buy at current levels. Trading at $18.03, InvestingPro estimates its fair value at $21.34, indicating a potential upside of 18.4%.

2. Barrick Gold

• Current Price: $17.57
• Fair Value Estimate: $21.77 (+23.9% Upside)
• Market Cap: $30.8 Billion

Barrick Gold, one of the largest global producers of and , ******** a safe-haven investment amid market uncertainty. Persistent inflation, geopolitical tensions, and central bank gold-buying trends are driving the demand for gold as a hedge.

Additionally, Barrick’s operational efficiency, strong cash flow, and focus on sustainability in mining give it an edge over competitors, ensuring steady long-term returns.

Source: InvestingPro

The stock’s undervaluation, according to InvestingPro’s Fair Value models, indicates a compelling opportunity for investors. Trading at $17.57, its fair value price target is pegged at $21.77, offering a 23.9% upside.

3. Lyft

• Current Price: $17.18
• Fair Value Estimate: $24.04 (+39.9% Upside)
• Market Cap: $7.1 Billion

Lyft, a major player in the ride-hailing industry, has been revamping its business strategy to prioritize profitability. The company is capitalizing on growing consumer demand for ride-hailing services and carpooling solutions.

Strategic partnerships, advancements in autonomous vehicle tech, and a leaner cost structure are helping the company regain momentum. Its expansion into new markets and premium services could further unlock value for shareholders.

Source: InvestingPro

Current Fair Value estimates indicate that LYFT stock is trading at a significant discount. InvestingPro’s Fair Value model predicts a potential upside of 39.9% from the current market value of $17.18. That would bring shares closer to their fair value price target of $24.04.

4. Cleveland-Cliffs

• Current Price: $12.14
• Fair Value Estimate: $17.35 (+42.9% Upside)
• Market Cap: $6 Billion

Cleveland-Cliffs, the largest flat-rolled steel producer in North America, is a critical supplier to the automotive and construction industries.

Infrastructure spending initiatives and the resurgence of domestic manufacturing are major growth catalysts. Cleveland-Cliffs’ vertically integrated operations provide cost advantages, allowing it to better serve automakers and contractors. Its commitment to greener steel production aligns with the push for sustainability in industrial processes.

Source: InvestingPro

The stock’s present valuation suggests it is considerably underpriced, as indicated by the InvestingPro AI models. Trading at $12.14, there is a possibility of a 42.9% increase, moving it closer to its fair value set at $17.35 per share.

5. Snap

• Current Price: $11.61
• Fair Value Estimate: $13.71 (+18.1% Upside)
• Market Cap: $19.5 Billion

Snap, the parent company of Snapchat, is a leading innovator in augmented reality (AR) and social media. Its AR-driven ad solutions are resonating with brands aiming to reach younger audiences.

The Santa Monica, California-based tech company’s focus on enhancing user engagement through new features and partnerships is paying off. As advertising budgets rebound, Snap’s innovative platform offers unique ways for businesses to connect with their target demographics, bolstering revenue growth.

Source: InvestingPro

As per the InvestingPro Fair Value model, SNAP trades at a major discount. There is potential for an 18.1% increase from its current price of $11.61, bringing it towards its fair value of $13.71 per share.

Final Thoughts

As the holiday season encourages savvy shopping, these five stocks represent outstanding opportunities for your portfolio. Whether driven by innovation, macroeconomic trends, or market-specific tailwinds, these bargains are well-positioned for long-term growth.

Whether you’re a novice investor or a seasoned trader, leveraging InvestingPro can unlock a world of investment opportunities while minimizing risks amid the challenging market backdrop.

Subscribe now to get 60% off all Pro plans and instantly unlock access to several market-beating features, including:

• ProPicks AI: AI-selected stock winners with proven track record.
• InvestingPro Fair Value: Instantly find out if a stock is underpriced or overvalued.
• Advanced Stock Screener: Search for the best stocks based on hundreds of selected filters, and criteria.
• Top Ideas: See what stocks billionaire investors such as Warren Buffett, Michael Burry, and George Soros are buying.

Disclosure: At the time of writing, I am long on the S&P 500, and the via the SPDR® S&P 500 ETF, and the Invesco QQQ Trust ETF. I am also long on the Technology Select Sector SPDR ETF (NYSE:).

I regularly rebalance my portfolio of individual stocks and ETFs based on ongoing risk assessment of both the macroeconomic environment and companies’ financials.

The views discussed in this article are solely the opinion of the author and should not be taken as investment advice.

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