5 Small-Cap Software Infrastructure Stocks to Buy Now

2. Kodiak AI Inc. (NASDAQ:KDK)

Kodiak AI Inc. (NASDAQ:KDK) is one of the best 11 small-cap software infrastructure stocks to buy now.

On June 15, Craig-Hallum initiated its coverage on Kodiak AI Inc. (NASDAQ:KDK). The firm assigned a Buy rating, reflecting its positive outlook for the stock. It estimated a target price of $12, which yields more than 136% upside potential at the current level.

The firm believes that Kodiak’s autonomous “Kodiak Driver” carries the potential to disrupt the trucking industry as it utilizes redundant hardware, could verify the software that operates the vehicle, and has the ability to function in unstructured environments. This makes its technology stack applicable across all industries.

Additionally, the firm noted that early success with industrial and military deployments will support its strategy of operating on highways. Craig-Hallum identified Kodiak AI as an important point of transformation, as the company moves from validating its technology to commercializing it.

Back on May 30, Kodiak AI Inc. (NASDAQ:KDK) filed a registration statement to allow certain selling stockholders to sell 30.77 million shares of the company’s stock from time to time. Kodiak does not intend to sell any of its own shares in connection with this filing. Therefore, it will not receive any cash proceeds from the sales made by the selling stockholders.

Kodiak AI Inc. (NASDAQ:KDK) specializes in developing autonomous vehicle technology solutions.  It offers a virtual driver that integrates AI-enabled software with vehicle-neutral hardware. It also delivers driver-as-a-service to its customers.

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