Investing in quality penny stocks can be a great strategy for those with a higher risk appetite. Over the last few decades, several penny stocks have created massive wealth for long-term shareholders. In fact, multi-trillion-dollar giants like Apple (AAPL) and Amazon (AMZN) were once penny stocks, and are now among the most prominent companies globally.
According to Wall Street's consensus price target estimates, Archer Aviation (ACHR) is one “strong buy”-rated penny stock that has the potential to more than double in value.
