10 Penny Stocks With Huge Upside Potential According To Analysts

7. Rapid Micro Biosystems, Inc. (NASDAQ:RPID)

Average Upside Potential as of March 20: 244.83%

Number of Hedge Fund Holders: 3

Rapid Micro Biosystems, Inc. (NASDAQ:RPID) develops technology that detects microbial contamination in pharmaceutical, medical device, and personal care manufacturing. Its flagship product, The Growth Direct platform, is made to automate microbial quality control testing for biologics, vaccines, cell and gene therapies, and sterile injectables.

Rapid Micro Biosystems, Inc. (NASDAQ:RPID) is one of the top stocks with the biggest upside to keep an eye out for.  The company granted stock incentives to new employees in March 2025, including RSUs and stock options at $2.27 per share. These awards vest over time, encouraging long-term commitment and attracting talent per Nasdaq rules.

On February 28, Rapid Micro Biosystems, Inc. (NASDAQ:RPID) reported financial results for Q4 2024. The company brought in $8.2 million in revenue for the quarter, up 30% from the same period last year. Product sales amounted to $5.2 million, a 27% jump, while service revenue grew 35% to $3 million. Recurring revenue also saw a 27% gain, reaching $4.2 million in Q4. The company narrowed its net loss to $9.7 million from $11.2 million the year before, with a loss per share of $0.22. By the end of 2024, RPID held $50.7 million in cash and no debt.

According to Insider Monkey’s Q4 data, Rapid Micro Biosystems, Inc. (NASDAQ:RPID) was part of 3 hedge fund portfolios, the same as the prior quarter. Israel Englander’s Millennium Management, Ken Griffin’s Citadel Investment Group, and Jim Simons’ Renaissance Technologies held stakes in RPID.