Humacyte (HUMA): Benchmark Remains Bullish on Stock

Humacyte, Inc. (NASDAQ:HUMA) is one of the Best Micro-Cap Stocks to Invest in According to Analysts.

Humacyte (HUMA): Benchmark Remains Bullish on Stock

In mid-November, Benchmark analyst Bruce Jackson maintained a Buy rating on Humacyte, Inc. (NASDAQ:HUMA) stock and set a price target of $11. Humacyte, Inc. (NASDAQ:HUMA) engages in the development and manufacture of off-the-shelf, implantable, and bioengineered human tissues for the treatment of diseases and conditions across a range of anatomic locations in multiple therapeutic areas.

Humacyte, Inc. (NASDAQ:HUMA) recently announced that it had entered into a securities purchase agreement with certain fundamental institutional investors to purchase approximately $60 million worth of its common stock and warrants in an oversubscribed registered direct offering. The warrants will become exercisable 180 days following the date of issuance and have an exercise price of $2.11 per share.

While we acknowledge the potential of HUMA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HUMA and that has a 100x upside potential, check out our report about the cheapest AI stock.

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