If you're looking to get some bang for your buck, then it could be checking out these ASX shares that trade under $5.
Based on what some analysts are saying, they could be undervalued at current levels and be destined to climb meaningfully higher.
Let's take a closer look at them:
Accent Group Ltd (ASX: AX1)
The first ASX share under $5 to look at is Accent Group. It is the footwear-focused retailer behind the HypeDC, The Athlete's Foot, and Platypus store brands, to name just three.
Its shares have taken a hit this year and are currently fetching $1.73. However, analysts at Bell Potter believe they are worth substantially more. Last week the broker put a buy rating and $2.50 price target on its shares, which implies a potential upside of almost 45%.
Chalice Mining Ltd (ASX: CHN)
If you're not averse to investing in the mining sector, then another option to look at is Chalice Mining. It is the mineral exploration company behind the Julimar Nickel-Copper-PGE project, which has the potential to be globally significant.
At present, you can pick up its shares for $1.50 apiece, which could prove to be an absolute steal if Bell Potter is on the money with its recommendation. It currently has a speculative buy rating and a $5.40 price target, which suggests a potential upside of over 250%.
Telstra Group Ltd (ASX: TLS)
A final ASX share under $5 that could be a buy is Telstra according to analysts at Goldman Sachs.
They appear to see a recent pullback by the telco giant's shares as a buying opportunity. Particularly given "the low risk earnings (and dividend) growth that Telstra is delivering across FY22-25, underpinned through its mobile business."
Goldman currently has a buy rating and a $4.70 price target on its shares. So, with them currently changing hands for $3.78, there could be a 24% gain on the cards over the next 12 months, along with an attractive 4.75% dividend yield.
