14 Best Small Cap Stocks to Buy Right Now

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11. Arlo Technologies Inc. (NYSE:ARLO)

Market Capitalization: $1.89 Billion

Number of Hedge Fund Holders: 27

Arlo Technologies Inc. (NYSE:ARLO) is one of the best small cap stocks to buy right now. On August 26, Lake Street reiterated the Buy rating on Arlo Technologies Inc. (NYSE:ARLO) stock, keeping the price target at $24.

Jacob Stephan from Lake Street remains optimistic about Arlo Technologies as the company has announced an all-new lineup of smart home security solutions with advanced AI-powered systems. On August 26, Arlo introduced new models across the entire range from Essential to Pro and Ultra Series. The company’s new lineup provides users with more ways to protect their homes. The informative, actionable alerts, and easy-to-install DIY indoor and outdoor security cameras offer high-level security features to users. The two all-new pan-tilt models come with 360-degree coverage for ultimate security offerings.

“Building on the successful launch of Arlo Secure 6 and its advanced AI capabilities earlier this year, we’re excited to introduce our all-new lineup that leverages all of the advanced capabilities of Arlo Intelligence to deliver smarter, safer, and more comprehensive smart home security,” said Matthew McRae, CEO of Arlo Technologies.

Stephan continues to weigh on ARLO, a company with over 5 million subscribers globally. The analyst sees this all-new product lineup as a crucial mover for the company, providing security services that continue to lead the market.

As of September 5, Arlo Technologies Inc.’s (NYSE:ARLO) average price target of $22, based on analysts’ estimates, implies an upside of nearly 21.35% from current levels.

Arlo Technologies Inc. (NYSE:ARLO), together with its subsidiaries, offers cloud-based platform services. The company offers advanced home, business, and personal security services through Arlo Essential Cameras and Doorbells.

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