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Aeva Technologies Inc. (NASDAQ:AEVA) is one of the best multibagger stocks to invest in right now. The company develops next-generation 4D-LiDAR sensors for autonomous driving and industrial applications. It utilizes a technology known as frequency-modulated continuous wave (FMCW) technology, which enables it to provide superior range, velocity detection, and resistance to interference compared to traditional LiDAR systems.
Its addressable market spans $80 billion across mobility, defense, robotics, and consumer applications. With $500 million invested in R&D and over 245 granted patents, Aeva Technologies Inc. (NASDAQ:AEVA) has established a defensible technology moat.
Aeva Technologies Inc. (NASDAQ:AEVA) is already engaging with top automotive OEMs, heavy-duty trucking leaders, and industrial automation partners, supported by collaborations with manufacturing specialists like Jabil and Tower Semiconductor. This strong roster of partners is expected to help the company bring 4D-LiDAR to mass scale.
The majority of analysts are optimistic on Aeva Technologies Inc. (NASDAQ:AEVA), with the latest being George Gianarikas from Canaccord Genuity, who reiterated his Buy rating and raised his price target from $16 to $24 in early August. The company’s stock has surged nearly 180% this year, justifying the positive views.
Aeva Technologies, Inc. (NASDAQ:AEVA) designs and manufactures advanced LiDAR sensing systems and perception software, using Frequency Modulated Continuous Wave (FMCW) sensing.
While we acknowledge the potential of AEVA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Most Shorted Stocks Right Now and 10 Best High Beta Stocks To Buy Now.
Disclosure: None. This article is originally published at Insider Monkey.
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