5 Reddit WallStreetBets Stocks That are Rising

3. BioNTech SE (NASDAQ: BNTX)

Number of Hedge Fund Holders: 18  

Percentage Gain in Last Five Days: 15.14%    

BioNTech SE (NASDAQ: BNTX) is a German biotechnology company that develops and markets therapies for cancer and other serious diseases.

On July 19, investment advisory Wolfe Research initiated coverage of BioNTech SE (NASDAQ: BNTX) with an Outperform rating and a price target of $248, noting the oncology drug pipeline for the firm as a possible growth catalyst.

At the end of the first quarter of 2021, 18 hedge funds in the database of Insider Monkey held stakes worth $172 million in BioNTech SE (NASDAQ: BNTX), up from 17 the preceding quarter worth $170 million.