The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.

Verra Mobility Corporation (NASDAQ:VRRM) is one of the underperforming tech stocks to buy according to analysts. On June 15, Verra Mobility was selected by the Los Angeles City Council to design, operate, and maintain the state's largest speed safety program. The initiative will deploy automated enforcement systems across 125 sites identified as high-injury and crash-prone corridors, with operations expected to be fully functional by the end of 2026.

This program is part of a six-city pilot authorized by Assembly Bill 645, aiming to reduce traffic fatalities and modify driver behavior. By utilizing data-driven site selection, the city intends to address the persistent issue of speeding, which accounted for a significant portion of fatal and severe crashes in Los Angeles over recent years.

Verra Mobility Corporation (NASDAQ:VRRM) brings proven experience from successful programs in cities like San Francisco and Oakland. The company will implement privacy-focused technology and partner with local minority-owned firm Morgner Construction Management for installation. The deployment reflects a broader commitment to street safety, with data from other regions suggesting significant declines in both speeding and traffic fatalities.

Verra Mobility Corporation (NASDAQ:VRRM) provides smart mobility technology solutions. The company's operations are divided into the following segments: Government Solutions, Commercial Services, and Parking Solutions.

While we acknowledge the potential of VRRM 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: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.

Disclosure: None. Follow Insider Monkey on Google News.