11 Most Oversold Penny Stocks to Buy Now

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1. Geron Corporation (NASDAQ:GERN)

Price: $1.43

YTD Performance: -60.28%

Analyst Upside Potential: 179.72%

Number of Hedge Fund Holders: 41

Geron Corporation (NASDAQ:GERN) is one of the Most Oversold Penny Stocks to Buy Now. On August 12, Faisal Khurshid, an analyst from Leerink Partners, reiterated a Buy rating on Geron Corporation (NASDAQ:GERN) with a price target of $3.

The analyst noted that the company is taking bold steps to overcome the challenges in launching its new drug called Rytelo. Khurshid also noted the appointment of new CEO, Harout Semerjian, who brings relevant experience in hematology. The analyst sees this as a positive move toward the successful launch of Rytelo.

Moreover, the management remains optimistic regarding steady growth, and the recent second-quarter results have also shown a significant increase in demand.

Geron Corporation (NASDAQ:GERN) is a biopharmaceutical company focused on developing treatments for blood disorders.

While we acknowledge the potential of GERN to grow, 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 GERN and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

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