Lantronix Inc (NASDAQ:LTRX) is one of the best AI stocks under $10 to buy now. The stock is backed by 24 hedge funds, and analysts expect it to rise at least 46% from the current price after returning more than 150% over the past year.
On June 10, Lantronix Inc (NASDAQ:LTRX) announced a collaboration with UK‑based Cherry & White to deliver a Rapid Wi‑Fi platform for mission‑critical infrastructure.
At the core is Lantronix’s NTC‑552 ruggedized 5G gateway, engineered for extreme field environments. Paired with Cherry & White’s Rapid Wi‑Fi technology, the platform delivers connectivity up to 70 times faster than legacy solutions, operational within minutes in low‑connectivity areas. Two deployment options are available: a Vehicle Connectivity Solution for fleet and response vehicles, and a Peli Connectivity Solution housed in a portable hard case for rapid setup in remote sites.
The platform integrates 5G NR Release 16 SA/NSA, Wi‑Fi 6, LTE failover, 2.5Gbps throughput, and centralized remote management via Lantronix’s Percepxion, reducing costly site visits and enabling continuous visibility. It is also compatible with private 5G spectrum deployments across Europe and Latin America.
Lantronix executives emphasized the collaboration’s role in enabling secure, high‑performance connectivity where traditional networks fail. For investors, the initiative expands Lantronix’s reach into Industrial IoT and private 5G markets, creating recurring revenue opportunities and positioning the company for global scaling.
On June 12, Needham initiated coverage of Lantronix Inc. with a Buy rating and an $11 price target, citing strong long‑term prospects driven by its edge computing platform powering next‑generation unmanned systems. Lantronix already partners with over 40 leading drone OEMs and subsystem providers, positioning it as a key supplier in the evolving unmanned ecosystem. The company recently introduced the SLC 9000 console manager, enhancing remote access and AI data center management. Needham projects drone‑related revenues to reach at least $25 million by FY2027, fueled by accelerating U.S. procurement, and views Lantronix as an underappreciated way to gain exposure to the emerging drone supercycle.
Lantronix Inc (NASDAQ:LTRX) provides intelligent compute, secure connectivity, and remote management solutions for Industrial IoT and Edge AI. Lantronix solutions help businesses in industries like defense and aerospace to connect, monitor, and manage critical applications and autonomous systems.
While we acknowledge the risk and potential of LTRX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than LTRX and that has 10,000% upside potential, check out our report about this cheapest AI stock.
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