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7 Analyst-Backed Stocks With Promising 10-Bagger Potential
AgenusAgenus(US:AGEN) InvestorPlaceยท2024-02-02 00:09

Group 1: Analyst-Backed Stocks Overview - The article discusses stocks that analysts believe have the potential for significant returns, specifically those with a 10-bagger potential [2][10] - It highlights the skepticism retail investors often have towards Wall Street analysts, despite the potential for high returns [1][2] Group 2: Company Summaries - AST SpaceMobile (ASTS): A satellite designer aiming to create a cellular broadband network that connects smartphones to satellites, rated a "buy" with a price target of $23 by Deutsche Bank [3][4] - Microvast (MVST): A battery technology company focused on electric commercial vehicles, facing challenges in the market but rated a strong buy with an $8 price target [5][6] - Pixelworks (PXLW): Provides video processing semiconductors, currently facing bearish sentiment but analysts have a price target of $14 [7][8] - Quantum Computing (QUBT): Specializes in quantum computing technology, with a price target of $8.75, representing a compelling investment opportunity [9][10] - Agenus (AGEN): A biotech firm focused on immunotherapy, with a large addressable market projected to grow to $200.55 billion by 2030, rated a strong buy with a $6.67 price target [11][12] - Passage Bio (PASG): Focuses on genetic medicines for neurodegenerative diseases, with a market projected to reach $77.82 billion by 2029, rated a strong buy with a $10.50 price target [13][14] - Palatin Technologies (PTN): Develops treatments for inflammatory and autoimmune conditions, with a market projected to grow to $141.58 billion by 2030, rated a moderate buy with a $60 target [15][16]