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TipRanks
2 artificial intelligence actions at the forefront of the new wave
It’s a new year, and now is a good time to take a look at what lies ahead. Not in the short term, but in the longer term. 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 in the more obscure branches of computer programming and coding, has become an essential part of the world. digital we live in. all over. It is in our factories, controlling assembly robots and inventory systems; it’s in cars, monitoring power systems and drive trains – and soon, perhaps, driving vehicles; its algorithms are behind the success of all the online tech companies that have come to dominate our electronic social discourse and our economy. AI is everywhere, and it’s here to stay, making it a fantastic industry to tap into for investment opportunities. Against this backdrop, two of Wall Street’s top analysts turned their sights to AI and recommended their picks in the industry. We scoured the TipRanks database to see what other Wall Street analysts had to say about them. The results are interesting.C3.ai, Inc. (AI) We’ll start with a company that’s new to public markets. C3ai is an artificial intelligence company that provides a suite of services designed to build enterprise-wide applications through a cost-effective and efficient process. The C3 AI Suite offers configurable applications for customer engagement, energy management, fraud detection, predictive maintenance, and supply chain optimization – and all of this is just the start. C3 went public in December 2020 and hit the markets on December 9. had valued the IPO at $ 42 per share, but closed its first day priced at $ 92, for a 120% gain right out of the gate. Shares of C3 peaked at $ 177 on December 22, and the share is now trading at $ 133, for a net gain since the day one close of 44%. The company now has a market capitalization of $ 12.74 billion. C3’s customers include names as prestigious as Bank of America, AstraZeneca and Koch Industries. The company also has a strategic partnership with Microsoft, using the Azure cloud platform to deliver artificial intelligence technology to the energy industry. Finally, C3 is a major sub-contractor with the Pentagon, and has the US Air Force, Army Aviation and US StratCom in its user base. Some Wall Street analysts see C3 stocks as fully valued, but others are bullish. Among the bulls is Daniel Ives, the 5-star tech industry expert from Wedbush, who rates AI and outperformance (i.e. a buy). Ives also gives the stock a price target of $ 200 which indicates a 51% room for improvement over the next 12 months. (To see Ives’ track record, click here) In his comments on the action, Ives explains his position: “We consider C3.ai to be one of the most disruptive enterprise software vendors of the past decade with the company’s laser focused on the convergence of AI, big data and cloud computing … We believe that with a very successful IPO of $ 650 million in December, C3 is now in “fashion offensive ”clear thanks to its reinforced 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, split into 4 Buy, 4 Hold and 2 Sell, making the analyst’s consensus a Hold. Meanwhile, the average price target stands at $ 144.89, suggesting a growth margin of 9% from current levels. (See AI Stock Analysis on TipRanks) Liveperson (LPSN) Liveperson is well known as a designer of live chat platforms and chatbot AI systems, marketing these products as customer relationship tools. upstream for businesses of all kinds. Liveperson’s chat apps are available through web browsers, social media, and mobile devices, and the company has produced conversational AI that enables automated chatbots to streamline customer service desk efficiency by handling communication tasks. routine. Cloud, with a human operator supervising several robots in a chat room. The AI manages the initial contacts using filter questions and is able to send more complex issues back to the human agent in the loop. Liveperson offers its customers a choice: use out-of-the-box chatbots, or use the platform and create a unique chat system. Like many technology companies involved in online marcom, the value of Liveperson has been put prominently during this crazy corona year ”. The title ended 2020 with a gain of 65%. Meanwhile, revenue has increased slightly sequentially from the second quarter, with the third quarter figure of $ 94.8 million up 3.4% from the second quarter and 26% year-over-year. ‘other. Rosenblatt. “[We] expects LPSN to leverage its leadership 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 enterprise market, including Salesforce.com, Twilio and Oracle, we see LPSN’s high concentration and over 20 years of experience as key strengths, ”noted Koontz . it’s no surprise that Koontz credits LPSN with a purchase. Its price target of $ 73 implies a rise of 14% from current levels. (To look at Koontz’s track record, click here) It is clear that Wall Street agrees with Koontz, as evidenced by the Strong Buy analyst consensus rating and the 8 recent reviews that include 7 buys versus a single Hold. The shares are selling for $ 63.97, and the average price target of $ 71.17 suggests it has 11% room for growth. (See LPSN Stock Analysis on TipRanks) For great ideas for stocks traded at attractive valuations, visit TipRanks Best Stocks to Buy, a newly launched tool that brings together all the information about TipRanks stocks. those of featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
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