Is SurgePays, Inc. (SURG) the Best Rising Penny Stock to Buy According to Analysts?

From Yahoo Finance: 2025-04-18 15:26:00

The start of 2025 saw challenges for US equities. Small-caps like Russell 2000 fell 9.5%, large-caps like Russell 1000 fell 4.5%. Francis Gannon of Royce Investment noted a shift in market performance away from the top few stocks, a positive trend for small-caps historically speaking.

Gannon highlighted the outperformance of small-cap value stocks over growth stocks in the short and long term. During the first quarter of 2025, sectors like Information Technology and Health Care were detractors of the Index while Utilities was a positive contributor. Gannon advised investors to remain invested and learn to be greedy when others are fearful.

SurgePays, Inc. (NASDAQ:SURG) is a fintech and communications company focusing on financial services for underbanked communities in the US. The company faced losses in 2024 due to the shutdown of federal funding, but its Comprehensive Platform Services segment showed positive growth. Analysts predict over 113% upside potential for SURG, making it one of the top rising penny stocks to buy.

SURG ranks 4th on the list of best rising penny stocks to buy. Although SURG has growth potential, the focus on AI stocks for higher returns in a shorter timeframe is favored. An AI stock with promising growth and trading at a low multiple of its earnings is recommended for investors looking for potential gains.

Read more: Is SurgePays, Inc. (SURG) the Best Rising Penny Stock to Buy According to Analysts?