5 Best Day Trading Penny Stocks to Buy

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1. Kopin Corporation (NASDAQ:KOPN)

On April 30, 2026, Lake Street analyst Jason Schmidt lifted the price target on Kopin Corporation (NASDAQ:KOPN) to $5 from $4 and maintained a Buy rating following the company’s partnership with Fabric.AI to develop MicroLED-based optical interconnect technology. Jason Schmidt characterized the announcement as “positive,” noting it gives Kopin a strategic path into the fast-growing data center market while leveraging existing customer relationships without taking on the significant capital investment that would have been required to pursue the opportunity independently.

On April 28, 2026, Stifel resumed coverage of Kopin Corporation (NASDAQ:KOPN) with a Buy rating and a $5.50 price target. The firm highlighted the company’s MicroLED-based optical interconnect architecture aimed at replacing traditional copper wiring in high-performance AI data centers, along with a $15M initial development order from Fabric.AI. Stifel said this contract supports Kopin’s revenue outlook for the year since it was not part of the company’s initial projections.

Earlier that same day, Kopin Corporation (NASDAQ:KOPN) disclosed a strategic collaboration with Fabric.AI (SBLX) to advance MicroLED-based optical interconnect technology designed to replace copper wiring between GPUs and high-performance processors in smart data centers. Fabric.AI also issued a $15M purchase order to fund development of the demonstration chipset.

Kopin Corporation (NASDAQ:KOPN) develops, manufactures, and sells microdisplays, subassemblies, and related components for defense, enterprise, industrial, and consumer products across the United States, the Asia-Pacific, Europe, and other international markets.

While we acknowledge the potential of KOPN 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 KOPN and that has 100x upside potential, check out our report about the cheapest AI stock.

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