5 Small-Cap Stocks with High Potential

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1. Amylyx Pharmaceuticals, Inc. (NASDAQ:AMLX)

Number of Hedge Fund Holders: 39

Market Capitalization: $1.0 billion

Cambridge, Massachusetts-based Amylyx Pharmaceuticals, Inc. (NASDAQ:AMLX) is a global company committed to the mission of discovery and development of treatments for relentless and progressing neurodegenerative diseases.

On December 12, Deutsche Bank analyst Neena Bitritto-Garg initiated coverage of Amylyx Pharmaceuticals, Inc. (NASDAQ:AMLX) shares with a ‘Buy’ rating and a price target of $36 which represents a potential upside of 148.28% based on the share price on December 22.

As of Q3 2023, Amylyx Pharmaceuticals, Inc. (NASDAQ:AMLX) ranks highest on our list of 15 small-cap stocks with high potential in terms of hedge fund sentiment. Its shares were held by 39 hedge funds with total value of $520 million. Andreas Halvorsen’s Viking Global held the most shares among hedge funds with ownership of 3.0 million shares valued at $54 million.

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