In this article, we will discuss the 5 Under-the-Radar Stocks That Are On Fire Right Now. For deeper discussion and analysis, read 10 Under-the-Radar Stocks That Are On Fire Right Now.
5. Planet Labs PBC (NYSE:PL)
YTD Performance: 79.23%
On April 30, Planet Labs PBC (NYSE:PL) announced plans to develop a specialized version of its Tanager spacecraft. In collaboration with Carbon Mapper and with support from the Jet Propulsion Laboratory, the company intends to engineer this advanced satellite as a dedicated adaptation of Tanager focused exclusively on shortwave infrared (SWIR) sensing, while delivering five times the area coverage of existing Tanager satellites.
On April 20, Goldman Sachs analyst Anthony Valentini increased the firm’s price target on Planet Labs PBC (NYSE:PL) to $20 from $18 while maintaining a Neutral rating on the shares. The revised target reflects improving confidence in the company’s commercial outlook and growth opportunities within the satellite imagery and geospatial intelligence market.
Planet Labs PBC (NYSE:PL) is a leading American aerospace and data analytics company that provides near-daily satellite imagery covering the Earth’s entire landmass. The company designs, builds, and deploys low-cost CubeSat satellites, commonly known as Doves and SuperDoves, which capture high-resolution images of the planet each day. Founded in 2010, Planet Labs is headquartered in San Francisco, California.
Planet Labs appears well-positioned for continued upside as its investment in next-generation SWIR satellite capabilities could strengthen its competitive moat and expand high-value commercial and government applications. With shares already up 79.23% year-to-date and Wall Street raising price targets, the stock is demonstrating strong momentum backed by improving strategic prospects.
4. FormFactor, Inc. (NASDAQ:FORM)
YTD Performance: 122.58%
On April 30, Evercore ISI raised the firm’s price target on FormFactor, Inc. (NASDAQ:FORM) to $155 from $133 while maintaining an In Line rating on the shares. The higher target suggests growing recognition of the company’s improving earnings profile and favorable positioning within semiconductor capital equipment markets.
The same day, Citi increased its price target on FormFactor, Inc. (NASDAQ:FORM) to $165 from $150 and reiterated a Buy rating on the stock. The updated outlook reflects confidence in demand trends and the company’s ability to benefit from continued semiconductor complexity and advanced packaging requirements.
FormFactor, Inc. (NASDAQ:FORM) is a leading provider of essential test and measurement technologies for the semiconductor industry. The company supplies critical equipment used by chip manufacturers to test and validate semiconductors during both development and high-volume production. Founded in 1993, FormFactor is headquartered in Livermore, California.
FormFactor appears attractive as multiple analysts raised price targets simultaneously, signaling strengthening sentiment around the company’s exposure to long-term semiconductor growth drivers. With shares already up 122.58% year-to-date, the stock’s momentum suggests investors are increasingly rewarding its strategic importance in the chip supply chain.
3. TTM Technologies, Inc. (NASDAQ:TTMI)
YTD Performance: 123.16%
On April 30, B. Riley raised the firm’s price target on TTM Technologies, Inc. (NASDAQ:TTMI) to $165 from $162 and maintained a Buy rating on the shares. The analyst cited a stellar earnings report and soaring demand for complex printed circuit boards, while also increasing estimates for the company.
The same day, Stifel raised its price target on TTM Technologies, Inc. (NASDAQ:TTMI) to $175 from $135 and kept a Buy rating on the stock. The substantial increase highlights rising confidence in the company’s earnings trajectory and end-market demand strength.
TTM Technologies, Inc. (NASDAQ:TTMI) designs and manufactures high-density interconnect printed circuit boards, radio frequency components, and custom electro-mechanical assemblies. The company serves high-reliability markets including aerospace and defense, data center computing, automotive, medical, and industrial sectors. Incorporated in 1998, TTM Technologies is headquartered in Santa Ana, California.
TTM Technologies stands out as a compelling opportunity as strong earnings execution and accelerating demand for advanced circuit boards continue to drive analyst optimism. With shares up 123.16% year-to-date, the market appears to be recognizing the company’s leverage to defense, AI infrastructure, and mission-critical electronics demand.
2. Powell Industries, Inc. (NASDAQ:POWL)
YTD Performance: 134.27%
On April 29, Roth Capital raised the firm’s price target on Powell Industries, Inc. (NASDAQ:POWL) to $285 from $195 while maintaining a Buy rating on the shares. The analyst noted that fundamentals across Powell’s primary markets, including energy, utility, and commercial and industrial sectors, remain strong, with strategic initiatives expected to support growth and margin expansion.
On April 27, JPMorgan analyst Tomohiko Sano initiated coverage of Powell Industries, Inc. (NASDAQ:POWL) with an Overweight rating and a $310 price target, implying meaningful upside from then-current levels. The analyst described Powell as a leader in custom-engineered electrical distribution, control, and safety equipment, adding that its $1.6 billion backlog and exposure to AI, automation, and electrification trends support sustained growth.
Powell Industries, Inc. (NASDAQ:POWL) is a leading provider of custom-engineered solutions for the management, distribution, and control of electrical energy. The company designs, manufactures, and services equipment used in complex, high-demand industries requiring reliable power systems. Founded in 1947, Powell Industries is headquartered in Houston, Texas.
Powell Industries appears well-positioned as analysts continue to highlight strong backlog visibility, healthy core markets, and exposure to powerful secular trends such as electrification and automation. With shares advancing 134.27% year-to-date, investor enthusiasm reflects confidence that earnings growth may continue from current elevated levels.
1. Viavi Solutions Inc. (NASDAQ:VIAV)
YTD Performance: 188.62%
On April 30, Rosenblatt analyst Mike Genovese raised the firm’s price target on Viavi Solutions Inc. (NASDAQ:VIAV) to $70 from $42 and maintained a Buy rating following what the firm described as a clean third-quarter beat-and-raise performance. The analyst added that the anticipated AI-driven expansion could persist for multiple years.
The same day, Susquehanna raised its price target on Viavi Solutions Inc. (NASDAQ:VIAV) to $65 from $25 and kept a Positive rating on the shares. The firm also increased estimates to reflect a 25% revenue CAGR for the NSE segment, which it expects to account for 80% of total revenue by fiscal 2028.
Viavi Solutions Inc. (NASDAQ:VIAV) is a global leader in network test, monitoring, and assurance solutions, as well as optical technologies serving telecommunications, data centers, and aerospace markets. The company provides instruments, software, and services used to test and optimize fiber optic, copper, and wireless networks, including 5G and 6G infrastructure. Founded in 2015, Viavi Solutions is headquartered in Chandler, Arizona.
Viavi Solutions offers an attractive growth profile as analysts sharply increased targets based on accelerating AI-related demand and strong revenue expectations across key segments. With shares surging 188.62% year-to-date, the stock’s exceptional momentum suggests the market is increasingly pricing in a multi-year expansion cycle.
While we acknowledge the potential of VIAV as an under-the-radar stock that is on fire right now, 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 VIAV and that has 100x upside potential, check out our report about this cheapest AI stock.
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