Top 5 Small-Cap Stocks With Highest Upside Potential

In this article, we will look at the top 5 small-cap stocks with highest upside potential. If you want to explore similar stocks that have the potential to gain more market share in the near future, you can also take a look at Top 10 Small-Cap Stocks With Highest Upside Potential.

5. IonQ Inc. (NYSE:IONQ)

Number of Hedge Fund Holders: 19

IonQ Inc. (NYSE:IONQ) is an emerging American quantum computing hardware and software company, involved in the development of general-purpose quantum computing systems. This January, the company announced a strategic collaboration with Hyundai Motor Company to develop quantum solutions for studying lithium compounds and their associated chemical reactions in battery chemistry. The companies aim to develop next-generation lithium batteries with enhanced durability, capacity, and safety. IonQ Inc. (NYSE:IONQ) poses a significant upside to benefit from the EV revolution and is therefore ranked among the top 10 small-cap stocks with the highest upside potential.

This May, Benchmark analyst David Williams trimmed his price target on IonQ Inc. (NYSE:IONQ) to $15 from $20 but reiterated a Buy rating on the shares following the company’s strong quarterly report. Williams added that quantum computing is in its early development stage but believes IonQ Inc. (NYSE:IONQ) to be an industry leader in the space and notes the recent share pullback as an attractive entry point for investors.

Hedge funds are becoming bullish on IonQ Inc. (NYSE:IONQ). Insider Monkey found 19 hedge funds having stakes in the company at the close of Q4 2021. The total value of these stakes came in at $184.23 million.