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Mobilicom Limited (NASDAQ:MOB) is one of the hot stocks to buy with huge upside potential. On October 20, ThinkEquity analyst Ashok Kumar raised the firm’s price target on Mobilicom to $12 from $5 and kept a Buy rating on the shares. This sentiment came out as the firm noted that the company is transitioning to a more profitable and scalable business model around its OS3 cybersecurity platform for AI-powered drones.
ThinkEquity believes that the defense market’s rapid pivot to unmanned systems in the middle of geopolitical and policy tailwinds will drive a revenue inflection for Mobilicom.
Mobilicom Limited (NASDAQ:MOB) provides hardware products and software and cybersecurity solutions for drones, small-sized unmanned aerial vehicles/SUAV, and robotics in Israel, the US, Canada, and internationally.
While we acknowledge the potential of MOB 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: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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