On October 21, Steven Wieting, chief investment strategist at CIO Group, joined CNBC’s ‘The Exchange’ to suggest that he would stay long tech through areas like cybersecurity software. Wieting defended his position by citing double-digit earnings growth in tech for the last few years. While he expects revenue growth to continue into the following year, he does project it to slow down. He offered the late 1990s as the best analogy and cautioned that no analogy is perfect. He reminded listeners that in 1996, 1997, and 1998, there were all sorts of warnings that the rally was over and the collapse was in, echoing a similar sentiment heard today. He characterized the current state of asset classes as a mature bull market and noted the S&P is trading at 27x trailing earnings. Despite this, he believes the economy is poised to improve in the coming year. While he does not expect the same types of returns as before, he stressed that earnings in these parts of the economy are growing at a rapid pace, and he thinks the rest of the economy has some room to catch up.
Talking about what specifically will drive that improvement and how much of it is attributable to AI infrastructure, Wieting separated the two and noted that the strength in AI infrastructure is out on its own, with a 42% growth rate, which is the most rapid growth rate since the personal computer was invented. The rest of the economy, however, has been held back; construction has contracted, industrial production in the US has grown only 1%, and manufacturing employment has not increased since March. In contrast, consumer spending has grown 3.5% as of the mid-third-quarter data (when the data collection was halted). Wieting attributed the weakness to business caution and noted that 9 out of 10 industries in the ISM report are concerned about tariffs.
That being said, we’re here with a list of the 12 hot tech stocks to buy according to Wall Street analysts.
Our Methodology
We sifted through different stock screeners to compile a list of the hot tech stocks with the highest performance over the past 3 months (over 25%) and with high upside potential (over 25%). We then selected the 12 stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of their average upside potential.
Note: All data was sourced on October 24.
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).
12 Hot Tech Stocks to Buy According to Wall Street Analysts
12. Franklin Wireless Corp. (NASDAQ:FKWL)
3-Month Performance as of October 24: 23.44%
Number of Hedge Fund Holders: 3
Average Upside Potential as of October 24: 21.21%
Franklin Wireless Corp. (NASDAQ:FKWL) is one of the hot tech stocks to buy according to Wall Street analysts. On October 13, Lake Street initiated coverage of Franklin Wireless with a Buy rating and $6 price target. This decision was made by Lake Street even as the firm acknowledged that the very rapid growth seen during the COVID-19 pandemic is unlikely to be repeated.
However, the firm believes that Franklin Wireless is well-positioned to benefit from the expanding mobile hotspot market. Demand is expected to be fueled by the rise of hybrid work models, the growing need for reliable backup internet at home, and general demand for mobile connectivity. Franklin’s status as a lower-cost provider and its US-based headquarters give it an advantage in gaining market traction.
Franklin Wireless Corp. (NASDAQ:FKWL) provides integrated wireless solutions in North America and Asia. The company offers 5G/4G wireless broadband products, such as portable wi-fi mobile hotspot routers, mobile hotspots, fixed wireless routers, and mobile device management/MDM solutions.
11. Core Scientific Inc. (NASDAQ:CORZ)
3-Month Performance as of October 24: 36.85%
Number of Hedge Fund Holders: 78
Average Upside Potential as of October 24: 21.73%
Core Scientific Inc. (NASDAQ:CORZ) is one of the hot tech stocks to buy according to Wall Street analysts. On October 24, Cantor Fitzgerald analyst Brett Knoblauch raised the firm’s price target on Core Scientific to $26 from $18 and kept an Overweight rating on the shares. Knoblauch informed investors that, as shareholders prepare to vote on the proposed acquisition by CoreWeave Inc. (NASDAQ:CRWV), the firm sees two potential scenarios if the deal is voted down: either CoreWeave returns to the negotiation table or Core Scientific independently pursues the HPC path.
Knoblauch maintains that either outcome presents an attractive risk/reward profile for Core Scientific. Earlier on October 22, B. Riley upgraded Core Scientific to Buy from Neutral with a price target of $30, up from $17, as the firm sees a high likelihood that Core Scientific shareholders will vote down the pending takeover. The firm’s $30 price target reflects a standalone value for Core Scientific.
Core Scientific Inc. (NASDAQ:CORZ) provides digital asset mining services in the US through three segments: Digital Asset Self-Mining, Digital Asset Hosted Mining, and HPC Hosting.
CoreWeave Inc. (NASDAQ:CRWV) operates a cloud platform that provides scaling, support, and acceleration for GenAI. It builds the infrastructure that supports compute workloads for enterprises.
10. NetScout Systems Inc. (NASDAQ:NTCT)
3-Month Performance as of October 24: 22.70%
Number of Hedge Fund Holders: 24
Average Upside Potential as of October 24: 23.87%
NetScout Systems Inc. (NASDAQ:NTCT) is one of the hot tech stocks to buy according to Wall Street analysts. On October 23, NetScout Systems announced the launch of the Omnis KlearSight Sensor for Kubernetes (KlearSight). This provides observability within the complex, multi-cluster Kubernetes deployments used by organizations across private and public cloud environments, specifically addressing visibility challenges and blind spots.
The KlearSight sensor delivers deep, actionable, and real-time insights into system performance, health, and cost drivers for dynamic and distributed cloud architectures. The solution tackles the difficulty of monitoring encrypted environments by capturing Kubernetes packets and SSL messages directly from the Linux kernel’s networking stack after the decryption process has occurred.
It then converts this captured data into standard IT traffic, granting visibility into application-layer communications without requiring access to encryption keys. The process is powered by the company’s expertise in network traffic analysis, Deep Packet Inspection/DPI, and real-time traffic intelligence, using extended Berkeley Packet Filter/eBPF technology to extract packets with low-overhead access to granular system and application data.
Earlier on October 13, Matthew Hedberg from RBC Capital maintained a Hold rating on Netscout Systems without setting a price target.
NetScout Systems Inc. (NASDAQ:NTCT) provides service assurance and cybersecurity solutions to protect digital business services against disruptions in the US, Europe, Asia, and internationally.
9. Allot Ltd. (NASDAQ:ALLT)
3-Month Performance as of October 24: 26.25%
Number of Hedge Fund Holders: 18
Average Upside Potential as of October 24: 28.59%
Allot Ltd. (NASDAQ:ALLT) is one of the hot tech stocks to buy according to Wall Street analysts. On October 20, TD Cowen initiated coverage of Allot Ltd. with a Buy rating and $13 price target. TD Cowen believes that the company is well-positioned to sustain double-digit profitable growth in the coming years, primarily due to strong tailwinds in the cybersecurity market.
A major factor in this growth is Allot’s focus on the underserved small business sector, which represents a substantial total addressable market/TAM opportunity of $10 billion. Earlier on October 10, William Blair analyst Jonathan Ho also maintained a Buy rating on Allot, but did not set a price target on the shares.
Allot Ltd. (NASDAQ:ALLT), together with its subsidiaries, develops, sells, and markets network intelligence and security solutions in Israel, Europe, Asia, Oceania, the Americas, the Middle East, and Africa.
8. Nebius Group (NASDAQ:NBIS)
3-Month Performance as of October 24: 106.66%
Number of Hedge Fund Holders: 45
Average Upside Potential as of October 24: 29.05%
Nebius Group (NASDAQ:NBIS) is one of the hot tech stocks to buy according to Wall Street analysts. On October 16, Nebius announced the launch of Nebius AI Cloud 3.0 Aether. The new release focuses on delivering enterprise-grade security, control, and simplicity necessary for running critical AI workloads at scale, moving beyond mere experimentation and training into full production.
The Aether release emphasizes independently validated security and governance features essential for highly regulated sectors like healthcare, financial services, and government. Nebius AI Cloud 3.0 has achieved certifications, including SOC 2 Type II (which covers HIPAA) and ISO 27001, validated by independent auditors.
The new platform provides fine-grained governance through an enhanced Identity and Access Management/IAM feature set with more granular controls. It also includes an observability suite with searchable logs, histograms, metrics ingestion, and auditing for full infrastructure visibility.
Nebius Group (NASDAQ:NBIS) is a technology company that builds full-stack infrastructure to service the global AI industry in the Netherlands, Europe, North America, and Israel.
7. Ondas Holdings Inc. (NASDAQ:ONDS)
3-Month Performance as of October 24: 231.46%
Number of Hedge Fund Holders: 9
Average Upside Potential as of October 24: 34.56%
Ondas Holdings Inc. (NASDAQ:ONDS) is one of the hot tech stocks to buy according to Wall Street analysts. On October 20, Lake Street analyst Max Michaelis maintained a Buy rating on Ondas Holdings with a price target of $8.00.
Earlier on October 6, H.C. Wainwright analyst Amit Dayal initiated coverage of Ondas Holdings with a Buy rating and $12 price target.
Dayal informed investors that the company provides autonomous aerial and ground security solutions primarily for the infrastructure and defense sectors. H.C. Wainwright noted that Ondas Holdings’ portfolio of offerings has grown, which positions it to capture a larger share of the expanding drone and robotics security market.
Ondas Holdings Inc. (NASDAQ:ONDS) provides private wireless, drone, and automated data solutions in the US and internationally. It has two segments: Ondas Networks and Ondas Autonomous Systems.
6. Bitdeer Technologies Group (NASDAQ:BTDR)
3-Month Performance as of October 24: 65.09%
Number of Hedge Fund Holders: 12
Average Upside Potential as of October 24: 36.40%
Bitdeer Technologies Group (NASDAQ:BTDR) is one of the hot tech stocks to buy according to Wall Street analysts. On October 22, B. Riley raised the firm’s price target on Bitdeer to $32 from $17 and kept a Buy rating on the shares. This sentiment was announced as the firm updated its estimates and valuations for companies focused on HPC, which resulted in an average increase in price targets of 78% and a rise in 2026 forecasts of 5%.
The firm noted that despite recent stock pullbacks, shares for these companies remain sharply up since midyear 2025. The performance is supported by strong demand for AI-related power and data centers. B. Riley suggested that new deals, such as the reported cloud partnership between Google and Anthropic, could also provide further upside to the sector.
Bitdeer Technologies Group (NASDAQ:BTDR) operates as a technology company for blockchain and HPC in Singapore, the US, Bhutan, and Norway.
5. Kopin Corporation (NASDAQ:KOPN)
3-Month Performance as of October 24: 80.49%
Number of Hedge Fund Holders: 6
Average Upside Potential as of October 24: 42.12%
Kopin Corporation (NASDAQ:KOPN) is one of the hot tech stocks to buy according to Wall Street analysts. On October 22, Craig-Hallum initiated coverage of Kopin with a Buy rating and $6 price target. Craig-Hallum believes that the company is positioned to capitalize on expanding defense opportunities, which could boost its revenue. The current top-line run-rate of ~$50 million is expected to grow towards $200 million-plus in annual revenue.
Specifically, the firm stated that the company itself believes its current, meaningful pipeline of defense programs alone is capable of driving annual revenue to between $75 million and $100 million as soon as 2027. Furthermore, Craig-Hallum believes the US Army’s Soldier Borne Mission Command program, currently under development, could be a significant, multi-year driver of future revenue growth for the company.
Kopin Corporation (NASDAQ:KOPN), together with its subsidiaries, develops, manufactures, and sells microdisplays, subassemblies, and related components for defense, enterprise, industrial, and consumer products in the US, the Asia-Pacific, Europe, and internationally.
4. Veritone Inc. (NASDAQ:VERI)
3-Month Performance as of October 24: 161.28%
Number of Hedge Fund Holders: 4
Average Upside Potential as of October 24: 46.58%
Veritone Inc. (NASDAQ:VERI) is one of the hot tech stocks to buy according to Wall Street analysts. On October 20, H.C. Wainwright raised the firm’s price target on Veritone to $9 from $6 and maintained a Buy rating on the shares.
The analyst at H.C. Wainwright informed investors that the ramp of the company’s VDR (Veritone Data Repository) bookings is currently ahead of expectations. The firm also noted that Veritone’s VDR solution is being deployed across a growing list of hyperscalers and venture-backed model developers.
Earlier on September 17, Scott Buck from H.C. Wainwright reiterated a Buy rating on Veritone, with a price target of $6.00.
Veritone Inc. (NASDAQ:VERI), together with its subsidiaries, provides AI computing solutions and services in the US, the UK, France, Australia, Israel, and India.
3. Vuzix Corporation (NASDAQ:VUZI)
3-Month Performance as of October 24: 59.03%
Number of Hedge Fund Holders: 9
Average Upside Potential as of October 24: 47.06%
Vuzix Corporation (NASDAQ:VUZI) is one of the hot tech stocks to buy according to Wall Street analysts. On October 16, Christian Schwab from Craig-Hallum maintained a Buy rating on Vuzix without setting a price target on the shares.
Earlier on October 1, Craig-Hallum raised the firm’s price target on Vuzix to $6 from $3 and kept a Buy rating on the shares.
The firm noted that Vuzix announced that it received a six-figure development order for customized Waveguides from a leading US defense contractor. Craig-Hallum believes that Vuzix could announce other defense contractor customers for custom head-mounted display programs by the end of this year.
These programs are estimated to carry an average selling price to Vuzix of ~$4,000, potentially representing a $40 million to $400 million opportunity for the company over time. Additionally, Craig-Hallum believes Vuzix is well-positioned to see a ramp-up in smart glasses and AR opportunities with its partner, Quanta.
Vuzix Corporation (NASDAQ:VUZI) designs, manufactures, and markets AI-powered smart glasses, waveguides, and AR technologies in North America, Europe, the Asia Pacific, and internationally.
2. Canaan Inc. (NASDAQ:CAN)
3-Month Performance as of October 24: 121.02%
Number of Hedge Fund Holders: 9
Average Upside Potential as of October 24: 56.66%
Canaan Inc. (NASDAQ:CAN) is one of the hot tech stocks to buy according to Wall Street analysts. On October 23, Benchmark raised the firm’s price target on Canaan to $4 from $2 and kept a Buy rating on the shares. The firm stated that with the resolution of the NASDAQ listing overhang, the company is now well-positioned to deliver further share price appreciation.
This positive outlook is supported by a visible slate of shipments from the 50,000-plus Avalon A15 Pro order expected in Q4 2025, in addition to an expanding self-mining base.
A day prior, on October 22, B. Riley raised the firm’s price target on Canaan to $3 from $2 with a Buy rating on the shares as a part of an update on estimates and valuations for companies focused on HPC, resulting in an average increase in price targets of 78% and a rise in 2026 forecasts of 5%, which was supported by robust demand for AI-related power and data centers.
Canaan Inc. (NASDAQ:CAN) engages in the research and development, design, and sale of integrated circuits/IC, and lease of final mining equipment by integrating IC products for bitcoin mining and related components in the People’s Republic of China.
1. MultiSensor AI Holdings Inc. (NASDAQ:MSAI)
3-Month Performance as of October 24: 56.54%
Number of Hedge Fund Holders: 9
Average Upside Potential as of October 24: 210.05%
MultiSensor AI Holdings Inc. (NASDAQ:MSAI) is one of the hot tech stocks to buy according to Wall Street analysts. On October 17, D. Boral Capital analyst Jason Kolbert assumed coverage of MultiSensor AI with a Buy rating and $3 price target.
Kolbert stated that the company’s Q2 2025 results show a shift toward being a hardware-agnostic, solution-focused provider, and the company’s latest deployment news underscores its traction with a marquee global distributor.
In other news, on October 14, 2025, MultiSensor AI Holdings announced the initial implementations of its solutions in the US with an unnamed global distribution leader in logistics and e-commerce.
MultiSensor AI Holdings Inc. (NASDAQ:MSAI) builds and deploys intelligent multi-sensing platforms with edge and cloud software solutions that use AI in the US and internationally.
While we acknowledge the potential of MSAI 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 MSAI and that has 100x upside potential, check out our report about this cheapest AI stock.
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