Turning $1,000 into $10,000 in a year in the stock market is undoubtedly a lofty goal. Make no bones about it, it’s not particularly likely to happen. Indeed, such an endeavor requires a penchant for risk and speculation. Additionally, investors may need to hone their efforts on particular high-growth sectors. One such group of penny stocks with 10x upside potential happens to be found in the biotech space.
Penny stocks in the biotech sector can certainly produce massive profits. Of course, these companies also carry very high risk. The question is whether the market believes, at a given point in time, whether said company’s potential products will hit the market. And if they do, what sort of market share such drugs could attain.
It’s a gamble. That said, these three penny stocks in the biotech and Pharma space are worth considering.
This post originally appeared at InvestorPlace.