8 Stocks Under $10 Morgan Stanley Rates Overweight

NEW YORK, Sept. 25, 2026 — Stocks trading below $10 can reflect business challenges ranging from competition and operating losses to debt and shrinking addressable markets. Some low-priced stocks, however, continue to draw attention from Morgan Stanley analysts based on business performance, valuation and earnings prospects.

U.S. News highlighted eight stocks trading below $10 that Morgan Stanley analysts rate overweight. The companies span several industries and markets, including digital freight, financial services, autonomous vehicles, data centers, electric vehicles and energy.

Full Truck Alliance and Itaú Unibanco

Full Truck Alliance Co. Ltd. (NYSE: YMM) operates a digital freight platform in China that connects shippers with truckers. The company generates revenue from freight-matching activities, including freight brokerage spreads, transaction service fees, and subscription fees for freight listings. Analyst Eddy Wang expects transaction commission revenue to remain resilient in the coming quarters and views Full Truck Alliance as a leading company in China’s digital freight market. Wang also sees the stock’s valuation as attractive. Morgan Stanley rates the stock overweight and has a $13 price target. Shares closed at $8.34 on Sept. 23.

Itaú Unibanco Holding SA (NYSE: ITUB) is a Brazilian bank and financial services provider with a leading share of Brazil’s commercial foreign exchange market. The company offers financial products and services across Latin America, including asset management, investment banking and insurance. Analyst Jorge Kuri points to the bank’s solid return on equity, cost controls and disciplined underwriting. He also sees delinquency rates as controlled and credit growth improving amid favorable conditions in Brazilian consumer credit. Morgan Stanley rates the stock overweight and has a $10 price target. Shares closed at $8.18 on Sept. 23.

Santander Brasil and Bradesco

Banco Santander Brasil SA (NYSE: BSBR) provides retail banking, asset management and wholesale financial services to customers in Brazil. The bank is the largest division of parent Banco Santander’s business outside Europe and operates brands including Santander Financiamentos, Santander Corretora and Banco Bandepe. Kuri expects elevated earnings-per-share growth in 2026 and 2027. He points to stable net interest margins, healthy loan growth, cost controls and asset quality as factors behind the outlook. Morgan Stanley rates the stock overweight and has an $8.10 price target. Shares closed at $5.70 on Sept. 23.

Banco Bradesco SA (NYSE: BBD) is one of Brazil’s largest banks and holds major positions in insurance, leasing, private pension funds and asset management. In April, the company completed the merger of its healthcare assets with Odontoprev and executed a reverse IPO for the resulting entity, BradSaude. Kuri says Bradesco has been reporting results consistent with its guidance for a gradual and sustainable earnings recovery. He also points to stable spreads and healthy volumes as factors contributing to net interest income. Morgan Stanley rates the stock overweight and has a $5.50 price target. Shares closed at $3.46 on Sept. 23.

Aurora Innovation and VNET Group

Aurora Innovation Inc. (NASDAQ: AUR) develops autonomous vehicle technology for passenger mobility and freight trucking. Its commercial offerings include Aurora Horizon, a driverless freight subscription service; Aurora Connect, a passenger ride-hailing platform; and the Aurora Driver autonomous driving system. Analyst Ravi Shanker views Aurora as having one of the most sophisticated on-highway Class 8 autonomous driving solutions in the market. He also expects the company’s April rollout of driverless commercial freight operations to create an extended opportunity for earnings growth. Morgan Stanley rates the stock overweight and has a $14 price target. Shares closed at $6.32 on Sept. 23.

VNET Group Inc. (NASDAQ: VNET) provides carrier-neutral data center services in China, with more than 50 hyperscale data center clusters across more than 30 cities. Analyst Tom Tang expects the company’s delivery performance to contribute to 23% EBITDA growth in 2026. Tang also expects expansion of domestic chip production in China to generate additional orders. He sees disciplined overseas expansion as a way to address investor concerns about spending and the stock’s valuation. Morgan Stanley rates the stock overweight and has a $14 price target. Shares closed at $6.92 on Sept. 23.

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Nio and Enel Chile

Nio Inc. (NYSE: NIO) produces and sells premium battery-electric vehicles, primarily in China. The company reported 326,028 vehicle deliveries in 2025. Its lineup includes the Nio ES8 premium full-size SUV, Nio ES9 ultra-luxury executive-class SUV, and Onvo L80 mid-to-large-size five-seat SUV. Analyst Tim Hsiao says Nio has shifted toward improving profitability rather than prioritizing volume growth as Onvo introduces new models. Despite higher memory costs, Hsiao expects Nio to work to maintain gross profit margins through efficiency improvements. Morgan Stanley rates the stock overweight and has an $8.73 price target. Shares closed at $3.67 on Sept. 23.

Enel Chile SA (NYSE: ENIC) is Chile’s largest electric utility holding company. Its businesses include electricity distribution and transmission infrastructure, renewable generation, e-mobility and energy-efficiency solutions. Analyst Fernando Amaral sees the company’s diversified renewable energy portfolio as aligned with Chile’s decarbonization efforts. He also expects Enel’s growing presence in battery energy storage systems to contribute to integrated generation margins. Amaral identifies additional opportunities in data centers, mining and electrification. Morgan Stanley rates the stock overweight and has a $4.60 price target. Shares closed at $4.34 on Sept. 23.