10 Best Short Squeeze Stocks to Buy According to Analysts

1. Altimmune, Inc. (NASDAQ:ALT)

Short % of Float: 28.36%

Number of Hedge Fund Holders: 18

Analysts Upside Potential: 322.3%

Headquartered in Gaithersburg, Maryland, a clinical-stage biopharmaceutical company Altimmune, Inc. (NASDAQ:ALT) is focused on developing immunotherapies and vaccines for metabolic diseases and infectious diseases. The company uses its proprietary intranasal vaccine platform and peptide-based therapeutics to target obesity and liver diseases. With business in Europe and the U.S., the company prioritizes innovative delivery techniques for improved efficacy.

With a short interest of 28.36%, Altimmune, Inc. (NASDAQ:ALT) stands out as one of the strong contenders for a short squeeze. The company has incurred losses in Q4 owing to increased expenses year-over-year. On the other hand, Altimmune also claimed in the report that they had completed enrollment in its phase 2b trial for pemvidutide in MASH. With top-line data expected in Q2 2025, the positive announcement leads to stock rallying, as the drug is expected to reduce liver fat, body weight, and markers of inflammation.

Altimmune, Inc. (NASDAQ:ALT) has attracted the attention of 18 hedge funds listed in Insider Monkey at the end of Q4 2024, signaling strong institutional backing. With a consensus Buy rating, analysts project an astounding 322.30% upside with a price target of $25 for Feb 2026, compared to the current trading price of $5.92. With such high projections and strong short interest, the stock presents a compelling opportunity with explosive price action given the right conditions.

According to analysts, Altimmune, Inc. (NASDAQ:ALT) ranks first on our list of best short squeeze stocks to buy. While we acknowledge the potential for ALT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ALT but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks To Invest In According to Billionaires.

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