5 Most Promising Micro-Cap Stocks According to Analysts

3. Wheels Up Experience Inc. (NYSE:UP)

Number of Hedge Fund Holders: 17

One-Year Average Price Target: $3.54

Private aviation services company Wheels Up Experience Inc. (NYSE:UP) is a penny stock that has strong potential according to analysts. In December, Wheels Up Experience Inc. (NYSE:UP)’s shares rose after an SEC filing revealed that the company’s CEO bought 400,000 shares.

For the third quarter, Wheels Up Experience Inc. (NYSE:UP)’s EPS came in at -$0.36, beating estimates by $0.07. Revenue in the quarter jumped about 39.2% to a total of $420.36 million, surpassing estimates by $38.32 million. Active members in the period jumped 12% on a YoY basis to reach 12,688.

As of the end of the third quarter of 2022, 17 hedge funds reported owning shares in Wheels Up Experience Inc. (NYSE:UP). The total value of these stakes was over $8.3 million.