Amentum (AMTM) Soars 17% on Higher PT

We recently published 10 Stocks Beating Wall Street at its Own Game. Amentum Holdings Inc. (NYSE:AMTM) is one of the best-performing stocks on Wednesday.

Amentum Holdings rallied for a second day on Wednesday, adding 17.19 percent to close at $25.57 apiece as investors took heart from an investment firm’s price target upgrade for its stock.

In a market note, UBS initiated a coverage on Amentum Holdings Inc. (NYSE:AMTM) with a price target of $25, but with a neutral rating.

The coverage reflected Amentum Holdings Inc.’s (NYSE:AMTM) stronger business  portfolio as compared with its counterparts, namely space infrastructure and front-end nuclear capabilities.

In a separate development, Amentum Holdings Inc. (NYSE:AMTM) also earned a bullish comment from Citron Research activist investor Andrew Left.

In a social media post, Left said that President Donald Trump “just made AMTM the most important company in America that nobody’s heard of….$55,” noting that the latter manages 90 percent of the US’ nuclear infrastructure for the Department of Energy.

While we acknowledge the potential of AMTM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, 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.