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Triple Threat: 3 Stocks to Buy for 3X Upside Potential
AevaAeva(US:AEVA) InvestorPlaceยท2024-02-19 19:31

Group 1: US Gold (USAU) - US Gold is a gold exploration and development company based in Elko, Nevada, with a potential upside of nearly 220% if the stock reaches $11, and over 423% if it hits $18 [2][3] - The stock has fallen nearly 19% since the beginning of the year and has not generated any revenue since fiscal year 2017 [2][3] - Two fundamental catalysts may benefit USAU: persistent inflation and the demand for precious metals in advanced industries like electric vehicles [3] Group 2: Aeva Technologies (AEVA) - Aeva Technologies specializes in next-generation sensing and perception systems using proprietary 4D lidar sensors, which could revolutionize the autonomy industry [5][6] - Analysts rate AEVA as a moderate buy with a price target of $3.50, indicating over 230% upside potential, with a high-side target of $5 [6] - Despite a 37% loss over the past 52 weeks, the stock has shown positive movement since January, suggesting potential for recovery [6] Group 3: Stoke Therapeutics (STOK) - Stoke Therapeutics focuses on RNA-based medicines to address severe diseases, with a strong buy assessment targeting a price of $19.17, representing almost 264% upside potential [7][8] - The stock has experienced a 10% decline since the start of the year and nearly 40% loss over the past 52 weeks, attributed to slowing revenue growth and widening net losses [7][8] - The stock carries a short interest of 12.67% of its float, indicating potential pressure and interest from investors [8]