Needham Initiates Amprius Technologies (AMPX) as Key Pure-Play Unmanned Aerial Systems Supplier

Amprius Technologies Inc. (NYSE:AMPX) is one of the best single digit stocks to buy according to analysts. On January 29, Needham initiated coverage of Amprius Technologies with a Buy rating and a $20 price target. This firm identified the company as a premier pure-play supplier in an emerging global market for unmanned aerial systems.

The firm highlighted Amprius’ silicon-anode batteries as a critical technological breakthrough (the holy grail of the industry), allowing drones to achieve significantly greater range and flight endurance. The firm believes that the company is uniquely positioned to capitalize on this multi-year growth phase as demand accelerates across both defense and commercial markets.

In Q3 2025, Amprius Technologies Inc. (NYSE:AMPX) reported revenue of $21.4 million, marking a 173% year-over-year increase and shipping to 159 end customers, including 80 new acquisitions. Strategic highlights include a $35 million purchase order from a major UAS manufacturer and the expansion of its contract manufacturing network to 1.8 GWh of capacity.

Amprius Technologies Inc. (NYSE:AMPX) develops, manufactures, and markets lithium-ion batteries for mobility applications. The company offers silicon anode lithium-ion batteries under the SiCore and SiMaxx product platforms.

While we acknowledge the potential of AMPX 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.

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Disclosure: None. This article is originally published at Insider Monkey.