10 Penny Stocks With Huge Upside Potential According To Analysts

1. PDS Biotechnology Corporation (NASDAQ:PDSB)

Average Upside Potential as of March 20: 1467.16% 

Number of Hedge Fund Holders: 5

PDS Biotechnology Corporation (NASDAQ:PDSB) is a clinical-stage biopharma company that specializes in the development of cancer immunotherapies. The company’s main drug, PDS0101, is in Phase II trials and aims to be a first-line treatment for head and neck cancer caused by HPV16. PDSB is also developing experimental therapies for prostate, breast, ovarian, lung, and colorectal cancers, along with a potential melanoma treatment. It ranks 1st on our list of penny stocks with the biggest upside.

On March 13, PDS Biotechnology Corporation (NASDAQ:PDSB) received FDA approval to test a new cancer treatment that combines Versamune MUC1 and PDS01ADC for advanced colorectal cancer patients who have not responded to other treatments. MUC1 is a protein linked to drug resistance in several cancers, including colon, breast, and ovarian, so finding better treatments is crucial. The National Cancer Institute will run the Phase 1/2 trial as part of its partnership with PDS Biotech.

H.C. Wainwright reaffirmed a Buy rating for PDS Biotechnology Corporation (NASDAQ:PDSB) with a $21 price target on March 10, far above its $1.23 value. The company’s Phase 3 VERSATILE-003 trial is underway, building on promising Phase 2 results for its Versamune HPV treatment. If successful, it could become the first targeted immunotherapy for head and neck cancer.

According to Insider Monkey’s fourth quarter database, 5 hedge funds were long PDS Biotechnology Corporation (NASDAQ:PDSB), the same as the prior quarter. Ken Griffin’s Citadel Investment Group was the largest stakeholder of the company, with 220,215 shares valued at $358,950.

Overall, PDS Biotechnology Corporation (NASDAQ:PDSB) ranks first on our list of penny stocks with huge upside potential. While we acknowledge the potential of PDSB to grow, our conviction lies in the belief that certain 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 PDSB but that 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 Buy Now According to Billionaires.

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