5 Little-Known Penny Stocks With Massive Upside Potential

3. Tenaya Therapeutics Inc (NASDAQ:TNYA)

Average Analyst Price Estimate: $19.14

Upside Potential: 319%

California-based biotechnology company Tenaya Therapeutics Inc (NASDAQ:TNYA) is working on heart disease treatments. It is one of the best penny stocks to buy according to Wall Street analysts as they expect the stock to reach $19 over the next one year while its current stock price as of February 6 was $4.2.

In November Tenaya Therapeutics Inc (NASDAQ:TNYA) posted third quarter results. EPS in the period came in at -$0.39, beating estimates by $0.09.

As of the end of the third quarter of 2023, 13 hedge funds in the database of Insider Monkey had stakes in Tenaya Therapeutics Inc (NASDAQ:TNYA). The most significant stakeholder of Tenaya Therapeutics Inc (NASDAQ:TNYA) was Peter Kolchinsky’s RA Capital Management which owns a $17.1 million stake in Tenaya Therapeutics Inc (NASDAQ:TNYA).