Cheap or lower-priced stocks have the potential to deliver exponential gains to shareholders over time. Typically, stocks priced below $5 are referred to as “penny stocks,” which might make investors wary of buying into these companies. However, mega-cap tech giants like Apple (AAPL) and Amazon (AMZN) were once penny stocks, too, and ultimately helped early shareholders build generational wealth over time.
While there are always risks associated with investing in equities, no matter how low-priced, here's a spotlight on three stocks under $2 that could be poised to deliver money-doubling returns over the long term, according to Wall Street.
