10 Emerging AI Stocks that Outperformed the Broader Market This Month

4. WidePoint Corporation (NYSE:WYY)

30-day Stock Price Performance: 35%

WidePoint Corporation (NYSE:WYY) delivers Technology Management as a Service (TMaaS) solutions for government and businesses, offering telecom lifecycle management, identity management, mobile security, and digital billing. It also provides IT services, including cybersecurity, cloud services, AI implementation, and professional support.

WidePoint (NYSE:WYY) reported strong financial performance on November 13, outperforming market estimates. The results also prompted some analysts to raise the stock price target. TipRanks reported on November 14 that Scott Buck from H.C. Wainwright maintained a Buy rating on WidePoint with a $7 price target, owing to strong financial performance and growth prospects.

According to the analyst, the company exceeded Q3 revenue expectations, driven by its MobileAnchor product and key contracts like U.S. Navy Spiral 4. Future growth is supported by a strong contract pipeline, improved margins, and operating leverage. WidePoint (NYSE:WYY) stock is up nearly 34% since November 15, as of November 27.