5 Best Artificial Intelligence Stocks Under $10

In this article, we discuss the 5 best artificial intelligence stocks under $10. If you want to see more stocks in this selection, check out the 10 Best Artificial Intelligence Stocks Under $10.

5. Opera Limited (NASDAQ:OPRA)

Number of Hedge Fund Holders: 6

Stock Price: $5.26

Opera Limited (NASDAQ:OPRA) is an Oslo, Norway-based company founded in 1995 and globally known for its web browser. The company is developing AI-driven digital content discovery and recommendation platforms. The company developed its AI engine back in 2017 to provide tailored news services to its users.

Lance Vitanza at Cowen increased the target price for Opera Limited (NASDAQ:OPRA) from $10.50 to $12.50 and reiterated an Outperform rating on October 31. The analyst believes Opera Limited (NASDAQ:OPRA) is benefitting from its strategy of pivoting into Western markets as the entity reported strong Q3 results and also raised its revenue and adjusted EBITDA  guidance. Opera Limited (NASDAQ:OPRA) reported record top-line and bottom-line growth in a challenging and uncertain macro-environment. The company is pursuing functionality, innovation, and higher productivity through its GX browser, which is targeted toward gamers.

Of the 920 hedge funds in Insider Monkey’s database, Opera Limited (NASDAQ:OPRA) was held by 6 hedge funds as of Q3 2022.

4. LexinFintech Holdings Ltd. (NASDAQ:LX)

Number of Hedge Fund Holders: 8

Stock Price: $1.55

LexinFintech Holdings Ltd. (NASDAQ:LX) is a Cayman Islands-based financial technology company founded in 2013. The company is an online consumer finance platform operator and has a user base of 150 million in China as of 2022.

Ethan Wang at CLSA upgraded LexinFintech Holdings Ltd. (NASDAQ:LX) stock from a Reduce to an Accumulate rating with a target price of $1.80 on November 14. The target price reflects a potential upside of 16.1% from the closing price as of November 30. On November 4, it was reported that the audit inspection of Chinese companies in Hong Kong was completed. This has reduced the risk of delisting from the NYSE. Furthermore, experts anticipate LexinFintech Holdings Ltd. (NASDAQ:LX) to experience margin expansion in Q3 2022 and Q4 2022 due to higher loan originations on a sequential basis.

Overall, LexinFintech Holdings Ltd. (NASDAQ:LX) was held by 8 hedge funds as of Q2 2022.

3. Vivint Smart Home, Inc. (NYSE:VVNT)

Number of Hedge Fund Holders: 9

Stock Price: $8.65

Vivint Smart Home, Inc. (NYSE:VVNT) is a Provo, Utah-based smart home company that provides home security and alarm systems. The company is focused on providing AI-based solutions that automate certain tasks and solve challenges requiring advanced techniques. Vivint Smart Home, Inc. (NYSE:VVNT) has a proprietary AI platform that is incorporated across its product base.

Vivint Smart Home, Inc. (NYSE:VVNT) reported strong Q3 2022 results as revenue increased by 13.6% YoY to $439.4 million, outperforming the consensus forecast of $402.38 million. Following the better-than-expected revenue, Vivint Smart Home, Inc. (NYSE:VVNT) raised its FY22 revenue guidance to a range of $1.65 billion to $1.67 billion as opposed to prior guidance of $1.6 billion to $1.63 billion. Meanwhile, the consensus forecast stands at $1.62 billion.

In the United States, the average growth in revenue for home security systems has been strong recently and is expected to continue to be more than 10% per year. Businesses that provide home protection, like Vivint Smart Home, Inc. (NYSE:VVNT), are expected to do well over the coming ten years, making it one of the best artificial intelligence stocks to buy now.

2. Lantronix, Inc. (NASDAQ:LTRX)

Number of Hedge Fund Holders: 10

Stock Price: $5.30

Lantronix, Inc. (NASDAQ:LTRX) is an Irvine, California-based company that creates technologies like 3D image generation, computer vision analysis, facial recognition, handwritten digit recognition, objection detection, and tracking. These solutions support Qualcomm’s AI Engine.

The company has been termed as one of the top 10 companies in the internet of things (IoT) field by CRN. Lantronix, Inc. (NASDAQ:LTRX) has a headcount of over 350 employees located in seven offices globally that cater to the needs of more than two million customers. The company is transitioning to a recurring and higher-margin provider of AI and IoT solutions. These solutions have applicability in the data center, energy, fleet management, financial services, healthcare, industrial automation, and retail industries. Experts term the arrival of CEO Paul Pickle in 2018 as the catalyst for the turnaround in Lantronix, Inc.’s (NASDAQ:LTRX) growth story.

At the end of Q3 2022, Lantronix, Inc. (NASDAQ:LTRX) was held by 10 hedge funds.

1. Yext, Inc. (NYSE:YEXT)

Number of Hedge Fund Holders: 17

Stock Price: $5.41

Yext, Inc. (NYSE:YEXT) is a New York-based technology company that provides AI search solutions and incorporates them into customer support. The company is replacing live agents with AI-powered virtual agents to handle simple questions and requests.

On October 4, Lead Edge Capital revealed a 9.3% stake in Yext, Inc. (NYSE:YEXT). Following this development, the company appointed Lead Edge partner Evan Skorpen as an independent director in the company. The hedge fund is focused on making high-impact growth investing in technology companies. Analysts think Yext, Inc. (NYSE:YEXT) is one of the best artificial intelligence stocks to invest in, as it is currently trading at an EV/S multiple of only 1.5x. For a total price of $69.1 million, Yext, Inc. (NYSE:YEXT) has repurchased 12.4 million shares. In addition, the company has forecasted Q4 EPS of $0.02 to $0.03, indicating more stable profits. The new management is expected to grow the company in the 15-20% annual range.

Overall, 17 hedge funds held a stake in Yext, Inc. (NYSE:YEXT) as of Q3 2022.

You can also take a peek at the Top Dividend Stocks To Invest In and the 15 Best Cloud Computing Stocks To Invest In.

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