7 Hidden AI Stocks Under $10 to Buy

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1. Asana Inc. (NYSE:ASAN)

Number of Hedge Fund Holders: 28

Asana Inc. (NYSE:ASAN) is one of the hidden AI stocks under $10 to buy. On February 3, Piper Sandler lowered its price target for Asana to $14 from $19, while keeping an Overweight rating following a transfer of coverage. This adjustment came as part of a broader move in which the firm downgraded three companies and reduced price targets across the platforms and apps group, citing seat-compression and vibe coding narratives as factors that could limit valuation multiples.

Despite share declines over the past year, Piper Sandler holds mixed views on the software sector and anticipates ongoing pessimism, though it is not making specific calls on upcoming Q4 2025 reports. Instead, the firm recommends focusing on the hyperscaler, consumption, and vertical sub-sectors.

Earlier on January 5, RBC Capital also cut its price target for Asana Inc. (NYSE:ASAN) to $11 from $14 with an Underperform rating. The firm anticipates that 2026 will be a pivotal year in which companies well-prepared for enterprise AI adoption will see clear tailwinds, whereas less-positioned peers may struggle against a narrative suggesting that AI could negatively disrupt the software industry.

Asana Inc. (NYSE:ASAN), together with its subsidiaries, operates a work management software platform for individuals, team leads, and executives in the US and internationally.

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

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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