2 AI Stocks Wall Street Expects to Return Up to 809% in 2024

By Trey Thoelcke Published Mar 21, 9:55AM EDT

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2 AI Stocks Wall Street Expects to Return Up to 809% in 2024 — © ipopba / iStock via Getty Images

Enthusiasm over the prospects for artificial intelligence (AI) continues to be a significant driver for a plethora of stocks, including some of the so-called Magnificent Seven. Investors who have been cautious about what could have been a fad, or those who are simply late to the party, may be wondering whether it is too late now to enter the fray. Have all the profits in AI stocks been made?

There may still be opportunities to be found. Take for example Synaptics Inc. (NASDAQ: SYNA | SYNA Price Prediction) and Knightscope Inc. (NASDAQ: KSCP). Both stocks are off 14% or more so far this year, and yet analysts anticipate strong rebounds for both of them in the next 12 months. So what’s up here? Let’s have a look.

Synaptics

A human interface provider.

This San Jose-based company is a developer of human interface hardware and software, such as touchpads, biometrics technology, and video and voice technology, that enable people to interact with mobile computing, communications, entertainment, and other electronic devices. Synaptics says its solutions are designed with AI as a core tenet.

Note that the company has been expanding its footprint in India, and it recently saw the departure of its chief financial officer.

Shares are down about 14% year to date and are much lower than their all-time high near $300. The analyst’s consensus price target would be a 52-week high, and hitting the high price target of $135 would be a gain of over 37% for the stock. However, on average, analysts have a cautious buy recommendation.

Past-Year Price Change	Target Price	Est. One-Year Gain
−8.9%	$126.00	28.3%

Knightscope

Public safety and security.

This innovator in robotics and artificial intelligence technologies is focused on public safety. It designs, develops, manufactures, markets, deploys, and supports autonomous security robots in the United States. And it serves universities, municipalities, corporations, casinos, property management companies, the U.S. federal government, and others.

The company recently announced a deal that will bring more drones into its portfolio of products and services. It also recently had some turnover in its board of directors. (Check out some other artificial intelligence stocks under $10.)

Past-Year Price Change	Target Price	Est. One-Year Gain
−31.2%	$4.00	809.1%

This penny stock is changing hands for almost 26% less than at the beginning of the year. It is well off its initial public offering price of $10 per share. Just one analyst has a price target, but that target would be 78.6% higher than the 52-week high.

About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.