10 Best AI Stocks to Buy Under $3

8. SmartRent, Inc. (NYSE:SMRT)

Share Price as of August 5, 2025: $0.99

Number of Hedge Fund Holders: 17

SmartRent, Inc. (NYSE:SMRT) is included in our list of the 10 Best AI Stocks to Buy Under $3.

SmartRent, Inc. (NYSE:SMRT)’s year so far is marked by volatility, strategic shifts, and cautious optimism.

In March 2025, KBW reduced its price target on SmartRent, Inc. (NYSE:SMRT) from $2.00 to $1.60. This price revision followed weak Q4 results, where the company reported a wider-than-expected adjusted EBITDA loss of $7.4 million due to hardware revenue and margin declines. Roughly two months later, in May, KBW further lowered the target to $1.30 due to limited forward guidance.

Meanwhile, on July 4, 2025, SmartRent, Inc. (NYSE:SMRT) achieved a key milestone. The company regained compliance with the New York Stock Exchange’s minimum share price requirement, bolstering investor sentiment.

While analysts remain cautious on SmartRent, Inc. (NYSE:SMRT) in the short term, they remain optimistic about the company’s long-term outlook due to its robust liquidity, focus on cost discipline, and strategic developments within AI-powered operations.

With its integrated hardware and cloud-based platforms, SmartRent, Inc. (NYSE:SMRT) offers AI-enabled smart building solutions and management software. It is included in our list of the best AI stocks.