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2 artificial intelligence stocks leading the new wave
It’s a new year, and a good time to look ahead. Not in the short term, but on the longer horizon. So here’s a number to think about: $ 126 billion. This is the predicted size of the Artificial Intelligence (AI) technology market in 2025. AI, once the only province of the more awful branches of computer programming and coding, has become an essential part of the digital world in which we live. You can find AI anywhere. It is in our factories, which control assembly robots and inventory systems; it’s in cars, monitoring power systems and driving trains – and soon, perhaps, driving the vehicles; the algorithms lie behind the success of all the online technology ventures that have dominated our electronic social discourse and economy. AI is everywhere, and it’s here to stay, which makes it a fantastic sector to get investment opportunities. Against this background, two of Wall Street’s leading analysts turned their attention to AI and recommended their choice in the sector. We led the two through the TipRanks database to see what other Wall Street analysts have to say about it. The results are interesting. C3.ai, Inc. (AI) We start with a company that is new to the public trading markets. C3ai is an enterprise enterprise enterprise that provides a range of services designed to build applications on an enterprise through a cost-effective and efficient process. The C3 AI Suite offers configurable programs for customer engagement, energy management, fraud detection, predictive maintenance and supply chain optimization – and this is just the beginning. C3 was launched in December 2020 and reached the market on 9 December. priced the stock at $ 42 per share, but closed the first day at $ 92 for a 120% gain right outside the gate. C3 shares peaked at $ 177 on December 22 and are now trading at $ 133, at a net gain since the close of the first day of 44%. The company now has a market capitalization of $ 12.74 billion, and it is not just the successful stock market that should attract the attention of investors here. C3’s customers include such well-known names as Bank of America, AstraZeneca and Koch Industries. The company also has a strategic partnership with Microsoft, which uses the Azure cloud platform to provide AI technology to the energy industry. And finally, C3 is a major contractor at the Pentagon, counting the U.S. Air Force, Army Aviation and the U.S. StratCom in its user base. Some Wall Street analysts view C3’s shares as full-fledged, but others are strong on the stock. Among the bulls is Daniel Ives, the 5-star expert in the technology sector of Wedbush, who rates AI and Outperform (i.e. a buy). Ives also gives the stock a price target of $ 200 which allows for a 51% increase in the next 12 months. (To view Ives’ record, click here.) In his comments on the stock, Ives explains his position: “We view C3.ai as one of the more disruptive enterprise software vendors of the past decade, with the laser focused on convergence . of AI, big data and cloud computing … We believe with a very successful $ 650 million IPO completed in December, C3 now finds itself in a clear “offensive mode” as its enhanced distribution strategy (direct sales, MSFT , Baker Hughes) should put more fuel into its growth engine in 2021 and beyond. The bear-bull mix on AI is clear from the reviews recorded for C3. The company received 10 ratings, set out on 4 Buy, 4 Hold and 2 Sell, making the analyst’s consensus a Hold. Meanwhile, the average price target stands at $ 144.89, indicating room for 9% growth from current levels. (See AI Stock Analysis on TipRanks) Liveperson (LPSN) Liveperson is known as a designer of live chat platforms and chatbot AI systems, and markets these products as front-end customer relationship tools for enterprises of all kinds. Liveperson’s chat apps are available via web browsers, social media, and on mobile devices, and the company has created a chat partnership that enables automated chat bots to streamline the customer service center’s efficiency by handling routine communication tasks. Cloud, with one human operator overseeing multiple crashes in a chat center. The AI handles initial contacts using filter questions and is able to refer more relevant issues to the human agent in the course. Liveperson offers a choice for its customers: to use ready-made chatbots, or to use the platform and create a unique conversation system. Like many tech companies involved in online marcom, Liveperson’s value has been sharply illuminated during this crazy corona year. . ‘The share completed 2020 with a profit of 65%. Meanwhile, revenue has increased steadily since Q2, with the Q3 figure of $ 94.8 million 3.4% higher than in the second quarter and 26% year-on-year. Rosenblatt. ‘[We] expects LPSN to leverage its leading position in AI to disrupt the $ 60 billion contact center software and automated labor market. “Despite new threats from larger and more established players in the business market, including Salesforce.com, Twilio and Oracle, we consider LPSN’s strong focus and more than 20 years of experience to be important assets,” said Koontz. It is not surprising that Koontz rates LPSN as a purchase. Its $ 73 price target implies a 14% increase from current levels. (To view Koontz’s record here, click here.) Clearly, Wall Street is in a big deal with Koontz, as evidenced by the Strong Buy analyst’s consensus rating and the 8 recent reviews that buy 7 against ‘ include a single Hold. The stock is selling for $ 63.97, and the average price target of $ 71.17 indicates that it has 11% room to grow. (See LPSN stock analysis on TipRanks) Visit TipRanks ‘best-selling stocks, a newly launched tool that combines all the insights of TipRanks’ stocks. those of the popular analysts. The content is for informational purposes only. It is very important to do your own analysis before investing.