10 Best AI Penny Stocks to Buy According to Analysts

7. BigBear.ai Holdings Inc. (NYSE:BBAI)

Average Upside Potential: 89.87%

Share Price as of November 5: $1.61

Number of Hedge Fund Holders: 9

BigBear.ai Holdings Inc. (NYSE:BBAI) specializes in providing AI-powered decision intelligence solutions for sectors like national security, supply chain management, and digital identity. It utilizes advanced technologies such as machine learning and predictive analytics to help organizations make informed decisions in complex environments. Its services cater to clients in defense, transportation security, and logistics, among others. Solutions include data processing and visualization tools that enhance operational efficiency and support critical decision-making processes across industries.

The company reported its third-quarter 2024 financial results. Its revenue grew 22.12% to $41.51 million, driven by increased demand for its solutions. A key quarter highlight was securing a substantial 5-year production contract worth $165 million with the US Army to deliver the GFIM-OE. This project leverages AI to transform legacy systems into a modern, intelligent platform, enhancing data-centric force management.

BigBear.ai Holdings Inc. (NYSE:BBAI) remains optimistic about its long-term prospects, acknowledging the cautious approach of governments towards AI but emphasizing its team’s expertise and the value of its technology. The demonstration of ConductorOS, its AI orchestration platform, showcases its potential to revolutionize military operations.

In the civilian sector, its biometric verification solution, veriScan, is now operational at Denver International Airport. This deployment streamlines the boarding process for international passengers, highlighting the practical application of AI in everyday life.

Beyond these specific achievements, the company’s broader involvement in projects with the US Army and FAA demonstrates its ability to deliver complex AI solutions for government agencies. This positions it as a key player in the development and implementation of cutting-edge AI technologies.