5 Little-Known Penny Stocks With Massive Upside Potential

4. IHS Holding Ltd (NYSE:IHS)

Average Analyst Price Estimate: $11.71

Upside Potential: 305%

Telecom infrastructure company IHS Holding Ltd (NYSE:IHS) is one of the penny stocks with upside potential. The stock’s one-year price estimate set by analysts is about $12, while its stock price is $2.87.

As of the end of the third quarter of 2023, 14 hedge funds had stakes in IHS Holding Ltd (NYSE:IHS).

In November, IHS Holding Ltd (NYSE:IHS) posted third quarter results. GAAP EPS in the period came in at -$0.79, missing estimates by $0.82.  Revenue in the quarter totaled $476 million, beating estimates by $9.13 million.