5 Most Promising Penny Stocks According to Analysts

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In this article, we will take a look at the 5 most promising penny stocks according to analysts. To see more such companies, go directly to 10 Most Promising Penny Stocks According to Analysts.

5. Affimed N.V. (NASDAQ:AFMD)

Average Analyst Price Estimate: $6.00

Upside Potential: 971.43%

Germany-based Affimed N.V. (NASDAQ:AFMD) is working on cancer immunotherapies. Affimed N.V. (NASDAQ:AFMD)’s average price target set by Wall Street analysts is  about 6%, which shows a strong upside potential from the stock price of $0.56 as of August 8.

In May Affimed N.V. (NASDAQ:AFMD) jumped after the FDA cleared an Investigational New Drug Application (IND) permitting a Phase 2 trial to study its innate cell engager AFM13 in a combination therapy for certain patients with Hodgkin Lymphoma.

As of the end of the first quarter of 2023, 12 hedge funds tracked by Insider Monkey had stakes in Affimed N.V. (NASDAQ:AFMD). The biggest stakeholder of Affimed N.V. (NASDAQ:AFMD) during this period was Ari Zweiman’s 683 Capital Partners which owns a $6.7 million stake in the company.

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