11 Best Stocks Under $3 to Buy Right Now

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1. Iovance Biotherapeutics Inc. (NASDAQ:IOVA)

Potential Upside: 300.38%

Number of Hedge Fund Holders: 27 

Iovance Biotherapeutics Inc. (NASDAQ:IOVA) is one of the best stocks under $3 to invest in. On January 9, Iovance Biotherapeutics Inc. (NASDAQ:IOVA) announced that it expects to achieve its previously disclosed full-year 2025 revenue guidance range of $250 to $300 million in the first full calendar year of Amtagvi sales. The company also expects Amtagvi, Iovance’s treatment regimen for advanced melanoma, will have up to $1 billion in peak sales potential.

Meanwhile, Iovance Biotherapeutics Inc. (NASDAQ:IOVA) also provided an update on Lifileucel, an in-development treatment for lung cancer. The company said the commercial opportunity for Lifileucel could be up to 7x larger than the current opportunity in the melanoma treatment market. Lifileucel is expected to complete the enrollment and data updates process for the anti-lung cancer drug this year, with the drug anticipated to launch in the second half of 2027. The company also said it still has $307 million in cash & cash equivalents, which will fund its operations through the second quarter of 2027.

Biopharmaceutical company Iovance Biotherapeutics Inc. (NASDAQ:IOVA) develops and commercializes cell therapies as novel cancer immunotherapy products.

While we acknowledge the potential of IOVA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than IOVA and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT:10 Most Undervalued Stocks to Buy and Hold for 5 Years and 14 Best Tech Stocks Under $10 to Buy.

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