1. SmartRent, Inc. (NYSE:SMRT)
With notable exposure to artificial intelligence and growing investor interest, SmartRent, Inc. (NYSE:SMRT) earns a spot on our list of the most popular AI penny stocks to buy.
The underpenetrated rental market is drawing management’s attention amid SmartRent, Inc. (NYSE:SMRT)’s stabilization of its financials and return to profitability.
FY2025 proved to be a transformative year for SmartRent, Inc. (NYSE:SMRT), featuring a return to positive adjusted EBITDA in the fourth quarter, driven by the first year-over-year quarterly revenue growth in seven quarters. With full-year revenue reaching $152.3 million and annual recurring revenue climbing 13% to $61.6 million, the company was able to generate $104.6 million in cash by the end of the year. Meanwhile, the company’s restructuring efforts proved rewarding: it reported zero debt by the end of Q4.
Amid that operational backdrop, SmartRent, Inc. (NYSE:SMRT) continued making strategic developments, unveiling a value-added reseller program on April 27, 2026.
The program aims to target the small- and mid-market rental segment as it comprises a largely untapped pool within the 40-million-unit U.S. rental landscape. Therefore, the move takes SmartRent, Inc. (NYSE:SMRT) far beyond the enterprise clients it had previously served.
With SKBM Smart Technology, a longtime installation partner and the program’s first reseller, SmartRent, Inc. (NYSE:SMRT) aims to provide much-needed localized engagement to smaller landlords, which supports the acceleration of the company’s Vision 2028 growth plan.
Amid those developments, analysts at Keefe Bruyette shared their outlook, expressing confidence in the company’s 2028 targets. As of March 11, 2026, the firm maintains a “Market Perform” rating with a price target of $2, up from $1.70.
SmartRent, Inc. (NYSE:SMRT), an enterprise smart home automation company, develops software and hardware that empower property owners, managers, and homebuilders to ensure the effective management, protection, and automation of daily operations.
While we acknowledge the potential of SMRT 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 SMRT and that has 100x upside potential, check out our report about the cheapest AI stock.
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