10 AI Stocks on Wall Street’s Radar

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1. Asana Inc. (NYSE:ASAN)

Asana Inc. (NYSE:ASAN) is a software firm known for its widely used work management tool, which helps teams and executives in the tech, finance, healthcare, and retail industries track and organize tasks, monitor progress in real time, delegate responsibilities, communicate company-wide goals, and retain comprehensive project oversight.

On January 6th, Piper Sandler analyst Brent Bracelin upgraded Asana (NYSE:ASAN) stock rating to “Overweight” from “Neutral,” raising its 12-month target price to $27 from $19. Bracelin said the firm’s stabilization, cost discipline, and the AI studio product cycle “could spark a recovery.” The brokerage’s picks for 2025 in cloud applications and analytics are focused on large and strategic vendors positioned to capitalize on AI trends.

While we acknowledge the potential of Asana Inc. (NYSE:ASAN) 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 ASAN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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