9 Best Lidar Stocks to Buy Right Now

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1. Teledyne Technologies Inc. (NYSE:TDY)

Number of Hedge Fund Holders: 51

Teledyne Technologies Inc. (NYSE:TDY) is one of the best lidar stocks to buy right now. On September 9, the company’s defense unit, Teledyne FLIR Defense, unveiled its Skycarrier autonomous drone launch and recovery platform at the DSEI defense exhibition in London.

The system is designed to enable the autonomous deployment of quadcopter drones from moving vehicles, ships, or fixed locations. It features a ruggedized container that protects drones when closed and utilizes near-infrared landing beacons and QR codes for navigation.

“SkyCarrier represents a major leap forward in autonomous drone operations,” said Dr. JihFen Lei, president of Teledyne FLIR Defense. “Its ability to launch, recover, and manage drones from moving platforms – without GPS or constant operator control – makes it a game-changer for missions ranging from battlefield surveillance and disaster response to critical infrastructure protection.”

Teledyne FLIR has already tested the drone launch and recovery platform on maritime vessels, including fast attack boats and inflatable boats.

Teledyne Technologies Inc. (NYSE:TDY), through Teledyne OPTECH, develops and supplies a range of Lidar systems for geospatial, surveying, and mapping, defense, and energy applications. It also provides hardware, such as lidar sensors, and integrated solutions that include cameras and software.

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

READ NEXT: 7 Best Cement Stocks to Buy According to Analysts and 10 Best Defensive Stocks to Buy According to Steve Cohen.

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