7 Multibagger Penny Stocks to Buy in July 2022 In May 2022, it was reported that Warren Buffett wenbt on a “shopping spree.” It’s not surprising that the legendary investor has been taking advantage of recent market conditions. Be it large-capitalization stocks or potential multibagger penny stocks, there seems to be ample value-buying opportunities. Having said that, I must mention that it’s unrealistic to expect multi-fold returns in weeks or even few months in penny stocks like we saw during the rally since March 2020. Those were unique conditions. However, there are some multibagger penny stocks that are worth considering with an investment horizon of 12-24 months. During this period, multi-fold returns from these stocks seems like a possibility. My focus is on penny stocks that already have decent fundamentals. Investors will not lose their night sleep by holding these stocks. Importantly, a small portion of an investor’s portfolio should be allocated to penny stocks. In an uncertain macro-economic environment, it makes sense to be overweight safer, large-cap stocks. 7 Best Bargain Stocks to Buy in July 2022 But for the riskier part of a well-diversified portfolio, let’s talk about seven potential multibagger penny stocks.