5 Best Rated Penny Stocks to Buy According to Analysts

3. Synlogic, Inc. (NASDAQ:SYBX)

Analyst Price Target: $5.50

Upside Potential: 1007.98%

Synlogic, Inc. (NASDAQ:SYBX) shares are in the news these days after the company announced the FDA issued Fast Track designation to the company’s experimental therapy labafenogene marselecobac to treat the rare metabolic disorder phenylketonuria.

Synlogic, Inc. (NASDAQ:SYBX)’s analyst price target shows an upside potential of about 1000% from the current levels.

In May Synlogic, Inc. (NASDAQ:SYBX) posted Q1 results. GAAP EPS in the quarter came in at -$0.23, in-line with analyst estimates. Revenue in the quarter came in at $0.17 million, surpassing estimates by $0.03 million.

As of the end of the first quarter of 2023, 7 hedge funds tracked by Insider Monkey were long Synlogic, Inc. (NASDAQ:SYBX). The biggest stakeholder of Synlogic, Inc. (NASDAQ:SYBX) during this period was