5 Most Promising Growth Stocks According to Analysts

In this article, we will take a look at the 5 most promising growth stocks according to analysts. To see more such companies, go directly to 12 Most Promising Growth Stocks According to Analysts.

5. Meta Materials Inc. (NASDAQ:MMAT)

Number of Hedge Fund Holders: 9

Average Price Target by Analysts: $2.38

Meta Materials Inc. (NASDAQ:MMAT) is a Canadian company that makes materials and nanocomposites. In November, Meta Materials Inc. (NASDAQ:MMAT) posted its Q3 results, which showed that its revenue in the period increased by a remarkable 329% on a YoY basis to total $2.45 million. However, the figure missed estimates by $1 million.

Back in November, Meta Materials Inc. (NASDAQ:MMAT) gained a lot of value after disclosures showed insiders were buying the stock. A filing showed that Meta Materials Inc. (NASDAQ:MMAT)’s Chairman John Harding bought 126,000 shares of the company at $1.74 per share.

As of the end of the third quarter of 2022, 9 hedge funds had stakes in Meta Materials Inc. (NASDAQ:MMAT)