10 Best Artificial Intelligence Stocks to Buy Under $10

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1. Clarivate Plc (NYSE:CLVT)

Number of Hedge Fund Holders: 28

Stock Price: $2.47

Clarivate Plc (NYSE:CLVT) is a prominent global information services provider founded in 1864 and headquartered in London, UK. The company offers a comprehensive range of information tools and services that enable organizations across diverse industries to make informed decisions.

Clarivate Plc’s (NYSE:CLVT) first-quarter 2024 results demonstrated continued profitability with adjusted net income remaining positive at $103.5 million. Moreover, the company’s focus on recurring revenue streams is paying off, with subscription revenue experiencing a positive year-on-year growth of 2.4%.

Furthermore, Clarivate Plc (NYSE:CLVT) also maintains a healthy cash flow position. Looking ahead, the company’s focus on growing its subscription base and managing working capital efficiently positions it for continued success.

Clarivate Plc (NYSE:CLVT) has received a consensus rating of Moderate Buy.  The average analyst price target for the stock is $6, suggesting a decent upside potential. Of the 920 hedge funds tracked by Insider Monkey at the end of Q1 2024, 28 funds reported owning a stake in Clarivate Plc (NYSE:CLVT).

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

READ NEXT: Analyst Sees a New $25 Billion “Opportunity” for NVIDIA and Jim Cramer is Recommending These 10 Stocks in June.

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