Why is BGC Group (BGC) One of the Best Cheap Stocks Under $10 to Buy Now

BGC Group, Inc. (NASDAQ:BGC) is one of the best cheap stocks under $10 to buy now. BGC Group, Inc. (NASDAQ:BGC) received a rating update from Piper Sandler analyst Patrick Moley on November 10, who maintained a Buy rating on the stock with a $14 price target.

The rating followed the company’s release of fiscal Q3 2025 results, with record Q3 revenues of $737 million, up 31% compared to $561 million a year ago. The company also reported record revenues of $628 million, excluding OTC, driven primarily by growth across every asset class and geography.

BGC Group, Inc. (NASDAQ:BGC) is delivering strong growth in a mixed macro environment, bolstered by the strength and scale of its global platform. The company expects its $25 million cost reduction program to be completed by the end of the year, boosting its margins and profitability and allowing a focus on delivering long-term shareholder value.

BGC Group, Inc. (NASDAQ:BGC) provides brokerage and financial technology services, offering trade execution and broker-dealer services specializing in Foreign Exchange, Fixed Income (Rates and Credit), Equities, Shipping, Energy and Commodities, and Futures.

While we acknowledge the potential of BGC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.