10 AI Stocks on Analysts’ Radars

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1. Uber Technologies Inc. (NYSE:UBER)

Number of Hedge Fund Holders: 136

Uber Technologies Inc. (NYSE:UBER) is a mobility SaaS company that helps connect riders with drivers and offers food delivery and grocery shopping services. For years, the firm has consistently invested in AI and uses the technology to gauge ETA estimates and improve aspects like pricing, customer services, and internal business operations.

On January 31st, JMP Securities said that Uber Technologies Inc. (NYSE:UBER) is set to face stiff competition in the US ride-sharing market as Waymo’s business scales and Tesla (NASDAQ:TSLA) prepares to launch its robotaxi network and will likely incorporate other OEMs. The brokerage said Uber Technologies Inc. (NYSE:UBER) must eye M&As to buy autonomous vehicle technology to battle these headwinds. Overall, JMP Securities believes the risk/reward in shares is balanced at current levels and retained a “Market Perform” rating on Uber Technologies Inc. (NYSE:UBER).

While we acknowledge the potential of Uber Technologies Inc. (NYSE:UBER) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than UBER but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stock To Buy Now and Complete List of All AI Companies Under $2 Billion Market Cap.

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