Since the pandemic, demand for automation has tracked with online volume: the U.S. Census Bureau reports that e-commerce hit $292.9 billion in the second quarter of 2025 and accounted for 15.5% of total retail, showcasing persistent digital order flow. Parcel intensity keeps rising while pricing power lags: Pitney Bowes’ Parcel Shipping Index counts 22.37 billion U.S. shipments in 2024, up 3.4% year over year, but only 2.7% revenue growth, a mix that pushes operators toward software-driven orchestration and robotics to defend unit economics.
Inside facilities, the International Federation of Robotics notes a record 4.28 million robots operating globally in 2023, with 10% of new deployments in the Americas: evidence that U.S. intralogistics is absorbing mature industrial robotics alongside newer autonomous mobile systems. Budget signals rhyme with that adoption curve: the 2025 MHI–Deloitte Annual Industry Report says 55% of supply-chain leaders are increasing technology and innovation spending, and 60% plan to invest more than $1 million.
The real estate backdrop is generally supportive: CBRE’s third-quarter 2025 U.S. Industrial & Logistics Figures describe stabilized vacancy amid robust leasing and build-to-suit activity, conditions that favor automation-ready sites. Prologis Research adds that e-commerce tenants’ share of new logistics leasing globally rose to more than 19% in 2024, reinforcing the need for high-throughput, tech-enabled facilities.
Looking ahead, Gartner expects roughly 80% of warehouses and distribution centers to deploy some form of automation equipment by 2028, which implies continued rollouts of orchestration software, autonomous mobile robots, and sortation systems rather than isolated pilots. Pitney Bowes, meanwhile, projects U.S. parcel volumes approaching 30 billion by 2030, a load that will likely keep capital pointed toward software and robotics to compress the cost-per-order.
Didecs/Shutterstock.com
Our Methodology
For this article, we singled out core logistics-tech plays from the vast sample of software application stocks on stockanalysis.com. From this pool, we selected the stocks with the highest number of hedge funds holding stakes in them as of Q3 and ranked them accordingly.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
10. ReposiTrak, Inc. (NYSE:TRAK)
Number of Hedge Fund Holders: 10
ReposiTrak, Inc. (NYSE:TRAK) is one of the best logistics-tech stocks to buy now.
On December 4, the company’s board of directors approved a $2 million share repurchase through a Rule 10b5-1 trading plan, under its broader $21 million stock buyback program. These structured trading plans allow companies to repurchase shares based on pre-determined instructions, even during periods when insiders are restricted from trading, provided the plan was adopted in compliance with applicable securities laws.
According to the press release, the company’s broker will conduct repurchases and will depend on market conditions, legal requirements, and other relevant factors. No target share count or expiration period was disclosed. As of December 1, ReposiTrak had approximately $7.6 million remaining under its total repurchase authorization. The company did not comment further on the strategic intent or timing of the new tranche, stating only that the program will proceed under the terms of Securities and Exchange Commission Rules 10b5-1 and 10b-18.
ReposiTrak, Inc. (NYSE:TRAK) builds compliance, safety, and supply chain automation platforms used across the food, retail, and healthcare sectors. Its customer network spans retailers, wholesalers, and suppliers throughout North America. Based in Salt Lake City, Utah, ReposiTrak offers solutions that support regulatory compliance, inventory tracking, risk management, and product traceability.
9. GigaCloud Technology Inc. (NASDAQ:GCT)
Number of Hedge Fund Holders: 16
GigaCloud Technology Inc. (NASDAQ:GCT) is one of the best logistics‑tech stocks to buy now.
On December 3, GigaCloud Technology Inc. announced that it has entered into a definitive Share Purchase Agreement to acquire 100% of the outstanding equity of New Classic Home Furnishings, Inc. The acquisition price is $18 million, on a debt‑free basis and including a post‑close earn‑out, and the deal will be financed using GigaCloud’s existing cash on hand.
The board of directors of GigaCloud unanimously approved the transaction, which is expected to close on January 2, 2026, subject to customary closing conditions.
With this acquisition, GigaCloud aims to integrate New Classic’s brick‑and‑mortar distribution and furniture‑supply capabilities with its own e‑commerce and large‑parcel logistics platform. New Classic brings a legacy of roughly 25 years in furniture distribution, serving over 1,000 retailer clients and offering more than 2,000 SKUs, a sizeable, established footprint in the home‑furnishings sector.
By folding New Classic into its ecosystem, GigaCloud strengthens its supply‑chain diversity: New Classic sources predominantly from Southeast Asia and the United States, with less than 3 % sourced from China.
GigaCloud Technology Inc. (NASDAQ:GCT) is a global B2B e‑commerce and logistics company headquartered in El Monte, California. It operates the GigaCloud Marketplace, a platform designed for large‑parcel merchandise (furniture, appliances, fitness equipment, etc.), handling everything from product sourcing and payments to logistics and last‑mile delivery across international supply chains.
8. PowerFleet, Inc. (NASDAQ:AIOT)
Number of Hedge Fund Holders: 23
PowerFleet, Inc. (NASDAQ:AIOT) is one of the best logistics‑tech stocks to buy now.
As of December 5, PowerFleet, Inc. (NASDAQ:AIOT) is a consensus Buy with all analysts covering it assigning a Buy or equivalent rating. The stock has declined by around 17% year to date, but the consensus 1-year median price target of $9.50 reflects an 81% potential upside.
Late November (26th) brought fresh analyst support when Barrington Research reaffirmed an “Outperform” rating on PowerFleet and reiterated a $15.00 price target, implying significant upside from current levels.
Beyond the rating, the real story comes from the company’s Q2 FY26 results (ended September 30, 2025). On November 10, 2025, Powerfleet, Inc. reported total revenue of $111.7 million—up 45% year‑over‑year (from $77.0 million in Q2 FY25) and rising 7.3% sequentially. Services revenue, a core segment, reached $89.3 million, rising 57% year‑over‑year. The firm delivered gross profit of $62.6 million with a 56% margin. Encouraged by the performance, Powerfleet raised its FY26 total revenue guidance to $435–$445 million, up from its prior $430–$440 million guide.
In management’s words, this quarter marked a milestone: double‑digit organic recurring revenue growth achieved ahead of schedule, driven by “expanding momentum” in its AI‑powered SaaS solutions and global traction across direct and indirect channels. They highlighted a 27% sequential improvement in product revenue and solid margin expansion amid challenging macro conditions. Even as the reported net loss stood at $4.3 million (about $0.03 per share), the company emphasized meaningful bottom‑line leverage thanks to synergy programs and scalable SaaS execution.
Powerfleet now appears to be leveraging both analyst optimism and strong operational results, with recurring‑revenue growth, better margins, and raised guidance creating a foundation for potential upside.
PowerFleet, Inc. (NASDAQ:AIOT) is a global AIoT SaaS company that provides fleet tracking, mobility and asset management, safety and compliance solutions for logistics, transportation and other mobile‑asset heavy industries.
7. Pitney Bowes Inc. (NYSE:PBI)
Number of Hedge Fund Holders: 28
Pitney Bowes Inc. (NYSE:PBI) is one of the best logistics‑tech stocks to buy now.
On December 3, Citizens JMP initiated coverage on Pitney Bowes with a “Market Outperform” rating and set a price target of $13.00 per share.
They said the stock has room to run, pointing to what they saw as reasonable valuation estimates for 2027. That included an EV-to-free cash flow multiple of 8.7x and an EV-to-EBITDA multiple of 5.6x. The firm highlighted that Pitney Bowes holds dominant positions in its core segments, roughly a 70% share in its “SendTech” mailing/shipping business, and a mid‑30% share in first‑class mail within its “Presort Services” unit.
According to Citizens JMP, management’s recent capital‑allocation policies, including aggressive share repurchases (about 12% of outstanding shares by late October, with ~8% repurchased in the most recent quarter) and steady dividend increases, add to the potential for shareholder value. The analysts also flagged growth catalysts: near‑term potential from the company’s banking operations, and medium‑term upside from expansion of its digital shipping and SaaS tools (such as its SendTech/Shipping‑360 platform), along with possible consolidation gains in its Presort Services business.
Pitney Bowes Inc. (NYSE:PBI) is a U.S.–based technology and logistics company founded in 1920, offering mailing, shipping, mailing‑sortation, shipping‑software, and related financial services through segments such as SendTech and Presort Services.
6. Full Truck Alliance Co. Ltd. (NYSE:YMM)
Number of Hedge Fund Holders: 30
Full Truck Alliance Co. Ltd. (NYSE:YMM) is one of the best logistics‑tech stocks to buy now.
As of December 5, Full Truck Alliance Co. Ltd. (NYSE:YMM) enjoys highly favorable analyst sentiment, with around 85% of all analysts covering it assigning a Buy or equivalent rating. The stock has risen by a modest 6.5% year to date, but the consensus 1-year median price target of $14.57 reflects a 26% potential upside.
On November 17, Full Truck Alliance announced its Q3 results (ended September 30, 2025). The report shows total net revenues of RMB 3,358.2 million (about $471.7 million), a 10.8% increase year‑over‑year. Transaction‑service revenue, the company’s core growth engine, jumped 39.0% YoY to RMB 1,456.1 million. The platform also hit record usage: monthly active shippers reached 3.35 million (up 17.6% YoY) and fulfilled orders totaled 63.4 million (up 22.3% Year-over-Year).
Despite the top‑line growth and strong user metrics, Full Truck Alliance reported a non‑GAAP adjusted net income per ADS (American Depositary Share) of RMB 0.93 (≈ US$0.13), which missed some market expectations. The company’s management attributed the quarter’s performance to continued efforts to improve efficiency, reduce costs, upgrade user‑protection mechanisms, and integrate technological enhancements, including the acquisition of a majority interest in Giga.AI Technology Limited, to strengthen AI capabilities and support long‑term platform growth.
Following the Q3 call, on November 19, Barclays reaffirmed a Hold rating on Full Truck Alliance and set a price target of $12.00 per share. That modest outlook reflects what Barclays described as “Q3 results broadly in line with estimates and a Q4 outlook that suggests growth in transaction‑service revenue is set to decelerate.”
Full Truck Alliance (NYSE:YMM) is a China‑based digital freight platform that connects shippers and truckers via a tech‑driven marketplace, offering freight‑matching services, transaction services, value‑added services like credit and logistics solutions, and leveraging AI and platform‑scale to coordinate transport and logistics across China.
5. The Descartes Systems Group Inc. (NASDAQ:DSGX)
Number of Hedge Fund Holders: 31
The Descartes Systems Group Inc. (NASDAQ:DSGX) is one of the best logistics-tech stocks to buy now.
On December 4, Raymond James upgraded Descartes to ‘Outperform’ from ‘Market Perform’ and assigned a price target of $118. The firm highlighted that shares were trading near the bottom of their 10-year EV/EBITDA range, presenting a compelling valuation setup.
They pointed to a rebound in services organic growth, which rose to approximately 7% on a constant currency basis in the latest quarter, while overall organic growth remained around 2% due to persistent softness in hardware and professional services. Despite macroeconomic pressures weighing on transactional revenues, Raymond James noted Descartes’ strong margin profile and efficient cash flow conversion as positioning it well for a recovery in freight volumes.
The analysts cited Descartes’ gross margin of approximately 76%, adjusted EBITDA margin of 46%, and free cash flow conversion rate of 86% as indicators of solid operational execution. The company had reported its Q3 FY26 earnings on the day of the upgrade, posting revenue of $187.7 million, up from $168.3 million a year ago. Net income reached $43.9 million, while adjusted EBITDA rose to $85.5 million. Growth was driven by demand for Global Logistics Network services and strength in subscription revenues.
The Descartes Systems Group Inc. (NASDAQ:DSGX) is a Canadian logistics technology company that provides supply chain management and route optimization solutions to enterprises worldwide.
4. SPS Commerce, Inc. (NASDAQ:SPSC)
Number of Hedge Fund Holders: 33
SPS Commerce, Inc. (NASDAQ:SPSC) is one of the best logistics-tech stocks to buy now.
As of December 5, analyst views for SPS Commerce, Inc. (NASDAQ:SPSC) are balanced with an equal number of Buys and Hold ratings. While the stock has underperformed the broader market substantially year to date, the consensus 1-year median price target of $100 implies nearly 20% upside.
On November 11, Morgan Stanley downgraded SPS Commerce from Overweight to Equal-Weight and cut its price target from $140 to $100. The firm’s analyst cited deteriorating macroeconomic conditions as the primary concern. According to Morgan Stanley, rising tariffs and a slowdown in retail end markets have led to reduced supplier spending and a lower volume of trading-partner connections. Additionally, the firm noted that retailers are delaying new enablements, which could further constrain SPS Commerce’s near-term growth.
While the company recently reported strong customer additions, Morgan Stanley expressed caution that these gains may not immediately translate into higher transaction volumes or revenue. The firm emphasized that although SPS Commerce continues to execute well, the current economic environment is limiting upside potential.
The downgrade came shortly after SPS Commerce reported its third-quarter fiscal 2025 earnings on October 24. The company posted revenue of $139.5 million, up 19% year-over-year, and adjusted EPS of $0.67, exceeding analyst expectations. However, management acknowledged in its earnings call that some headwinds were emerging in supplier onboarding due to external factors, aligning with Morgan Stanley’s concerns.
SPS Commerce, Inc. (NASDAQ:SPSC) provides cloud-based supply chain management solutions that enable retailers, suppliers, and logistics firms to automate and optimize trading relationships.
3. Trimble Inc. (NASDAQ:TRMB)
Number of Hedge Fund Holders: 40
Trimble Inc. (NASDAQ:TRMB) is one of the best logistics-tech stocks to buy now.
On December 5, 2025, Trimble announced that its board of directors had approved a new share repurchase authorization of up to $1.0 billion in common stock. The newly approved program replaces the company’s prior $1.0 billion buyback authorization, under which approximately $273 million remained unused at the end of the third quarter of 2025.
According to the company’s press release, the repurchases may be conducted through a range of methods, including open-market transactions, accelerated share repurchase agreements, block trades, or privately negotiated deals. The new authorization does not have an expiration date, allowing Trimble flexibility in timing and execution methods based on market conditions and other factors.
Trimble’s announcement comes amid the company’s broader push to optimize capital allocation and return value to shareholders. In its Q3 FY25 earnings report, the company posted $957 million in revenue, up 8% year-over-year, with adjusted EPS of $0.67 and $167 million in free cash flow. Management highlighted strong recurring revenue momentum and increased software mix, which they said reinforced the company’s long-term strategy.
Trimble Inc. (NASDAQ:TRMB) provides technology solutions that enable positioning, modeling, connectivity, and data analytics for industries such as construction, agriculture, transportation, and logistics.
2. Manhattan Associates, Inc. (NASDAQ:MANH)
Number of Hedge Fund Holders: 41
Manhattan Associates, Inc. (NASDAQ:MANH) is one of the best logistics-tech stocks to buy now.
As of December 5, around two-thirds of analysts covering Manhattan Associates, Inc. (NASDAQ:MANH) rate it Buy or equivalent. While the stock has underperformed the broader market substantially year to date, the consensus 1-year median price target of $234.50 implies nearly 31% upside.
On November 13, 2025, Barclays reaffirmed its Overweight rating on Manhattan Associates while slightly lowering the 12-month price target from $244 to $239. The firm’s revised target reflected an updated post-third-quarter model that adjusted for recent earnings metrics while maintaining confidence in the company’s long-term positioning.
The rating update followed Manhattan Associates’ third-quarter earnings release on October 24. The company posted total revenue of $238 million, up 20% year over year, and adjusted EPS of $1.03, exceeding analyst expectations. Software license revenue rose 44% to $17.5 million, while cloud subscriptions climbed 41% to $84.5 million. During the earnings call, management emphasized sustained demand across its omnichannel and warehouse solutions, with deal activity remaining strong despite broader macro uncertainty. The company also raised full-year revenue and EPS guidance, citing robust customer pipelines and continued momentum in its cloud transition.
Barclays’ updated price target appears to factor in the near-term pace of that momentum while retaining an overall bullish stance on Manhattan Associates’ growth trajectory.
Manhattan Associates, Inc. (NASDAQ:MANH) provides supply chain and omnichannel commerce software solutions for retailers, wholesalers, and logistics providers worldwide.
1. Samsara Inc. (NYSE:IOT)
Number of Hedge Fund Holders: 42
Samsara Inc. (NYSE:IOT) is one of the best logistics-tech stocks to buy now.
On December 5, TD Cowen reiterated its Outperform rating on Samsara and raised its price target from $49 to $55 following the company’s fiscal third-quarter 2026 results. The firm called Samsara a “top software executor,” highlighting a strong revenue beat, acceleration in net-new annual recurring revenue (ARR) growth, and momentum across multiple product lines. TD Cowen also noted robust customer additions and deepening penetration across both industries and geographies.
The rating update came a day after Samsara reported its Q3 FY26 earnings. The company posted revenue of $270 million, up 38% year-over-year, exceeding consensus estimates. Annual Recurring Revenue (ARR) grew 39% to $997 million, with net-new ARR accelerating sequentially. Samsara ended the quarter with 1,848 customers generating over $100,000 in ARR, a 49% increase from the prior year. During the earnings call, management emphasized strong demand for its Video-Based Safety and Equipment Monitoring solutions, particularly in the public sector and energy verticals. Executives also noted strong international performance, with EMEA (Europe, Middle East, and Africa) ARR surpassing $100 million for the first time.
TD Cowen’s price target hike appears to reflect this broad-based strength and signals confidence in Samsara’s continued execution and expanding enterprise footprint.
Samsara Inc. (NYSE:IOT) provides a connected operations cloud platform that helps organizations with physical operations improve safety, efficiency, and sustainability. The company is headquartered in San Francisco, California.
While we acknowledge the potential of IOT to grow, 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 AI stock that is more promising than IOT and that has 100x upside potential, check out our report about this cheapest AI stock.
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