Amentum Holdings, Inc. (NYSE:AMTM) is one of the most undervalued growth stocks to buy, according to analysts. On March 12, Truist Securities reiterated a Buy rating on Amentum Holdings Inc. (NYSE:AMTM) with a $42 price target.

The research firm remains confident in the company’s prospects, owing to its long-term growth trajectory supported by core business operations. The company boasts a $4 billion growth portfolio that represents 30% of total revenues.

While the company’s growth portfolio entails three key segments of new nuclear, critical digital infrastructure, and space systems and technology, the research firm insists they are well insulated from artificial intelligence risks. Similarly, the research firm believes investors should look past potential near-term risks, including private equity overhang and the Iran conflict.

Earlier on March 10, Amentum secured a $112 million contract for nuclear decommissioning and waste management services at research sites across four European countries. The contract is in response to the company’s track record of delivering European-funded projects on time and on budget.

Amentum Holdings Inc. (NYSE:AMTM) is a global provider of advanced engineering, technology, and project management solutions, primarily serving U.S. and allied government agencies. They operate through two main segments, Digital Solutions (cybersecurity, AI, IT) and Global Engineering Solutions (nuclear, environmental, defense), operating in 80+ countries.

While we acknowledge the potential of AMTM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Robinhood Stocks with High Potential and 10 Popular Penny Stocks on Robinhood to Buy.

Disclosure: None. Follow Insider Monkey on Google News.