ThinkEquity Boosts Mobilicom (MOB) PT to $12 on Cybersecurity Drone Platform

Mobilicom Limited (NASDAQ:MOB) is one of the hot stocks to buy with huge upside potential. On October 20, ThinkEquity analyst Ashok Kumar raised the firm’s price target on Mobilicom to $12 from $5 and kept a Buy rating on the shares. This sentiment came out as the firm noted that the company is transitioning to a more profitable and scalable business model around its OS3 cybersecurity platform for AI-powered drones.

ThinkEquity Boosts Mobilicom (MOB) PT to $12 on Cybersecurity Drone Platform

ThinkEquity believes that the defense market’s rapid pivot to unmanned systems in the middle of geopolitical and policy tailwinds will drive a revenue inflection for Mobilicom.

Mobilicom Limited (NASDAQ:MOB) provides hardware products and software and cybersecurity solutions for drones, small-sized unmanned aerial vehicles/SUAV, and robotics in Israel, the US, Canada, and internationally.

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

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Disclosure: None. This article is originally published at Insider Monkey.