5 Little-Known Penny Stocks With Massive Upside Potential

2. Allego NV (NYSE:ALLG)

Average Analyst Price Estimate: $8

Upside Potential: 655%

Netherlands-based EV charging company Allego NV (NYSE:ALLG) is one of the little-known penny stocks with huge upside potential. Wall Street analysts on average expect the stock to reach $8 over the next 12 months, while its current stock price is $1.03 as of February 6.

In November 2023 Allego NV (NYSE:ALLG) posted third quarter results. Revenue in the quarter jumped 28.1% year over year to €28.6 million.