12 Cheap Stocks That Will Go to the Moon According to Reddit

3. Lantheus Holdings, Inc. (NASDAQ:LNTH)

Forward P/E: 9.58

Analyst Upside: 60.81%

Number of Hedge Fund Holders: 43

Lantheus Holdings, Inc. (NASDAQ:LNTH) is one of the top cheap stocks that will go to the moon according to Reddit. Truist downgraded Lantheus Holdings, Inc. (NASDAQ:LNTH) to Hold from Buy on August 11, slashing the price target to $63 from $111.

The firm told investors that while it “appreciates” the stock’s selloff reflects “a lot of Pylarify uncertainty already,” it is of the view that the multiple is likely to be connected to Pylarify trends. It sees quarter-over-quarter and year-over-year deceleration for “at least” another two quarters.

The firm added that while it still sees “underappreciated value” to the long-term pipeline, it also thinks that shares could “mark time” for the coming six months or so until clarity appears that H2 is the bottom for Pylarify after two quarters of misses and lowering associated with it.

Lantheus Holdings, Inc. (NASDAQ:LNTH) provides diagnostic imaging and nuclear medicine products, developing products that support healthcare professionals in patient management and outcomes and help clinicians detect cardiovascular disease. The company’s operations are divided into the U.S. and International geographical segments.