5 Best Artificial Intelligence Stocks Under $20 According To Analysts

In this article, we discuss 5 best artificial intelligence stocks under $20 according to analysts. If you want to see more stocks in this selection, check out 10 Best Artificial Intelligence Stocks Under $20 According To Analysts. 

5. Lantronix, Inc. (NASDAQ:LTRX)

Average Estimated Price Target: $9.90

Number of Hedge Fund Holders: 10

Average Upside Potential: 116.45% 

Lantronix, Inc. (NASDAQ:LTRX) provides a variety of solutions for video surveillance, traffic management, infotainment systems, robotics, edge computing, and remote environment management applications. Its products include telematics devices that support communication across interfaces and industrial protocols for vehicle, fleet, and asset tracking and management, as well as network switches, media converters, power over Ethernet, NICS and optical SFPs, system-on-modules, single-board computers, and development kits. Additionally, Lantronix, Inc. (NASDAQ:LTRX) offers services related to mechanical, hardware, and software engineering for the development of camera, audio, and artificial intelligence/machine learning solutions.

On February 10, T. Michael Walkley, an analyst at Canaccord, maintained a Buy rating on Lantronix, Inc. (NASDAQ:LTRX) but reduced the firm’s price target on the shares from $11 to $10. The analyst noted that the company has reaffirmed its $40 million contract with Gridspertise, which is higher than their initial $30 million projection. As the larger deal is now postponed for two quarters into F2024, the analyst predicts strong revenue growth in F2024 with earnings leverage.

According to Insider Monkey’s fourth quarter database, 10 hedge funds were bullish on Lantronix, Inc. (NASDAQ:LTRX), with combined stakes worth $10.5 million. George McCabe’s Portolan Capital Management held the largest stake in the company.