10 Best Machine Learning Stocks According to Analysts

6. Informatica Inc. (NYSE:INFA)

Number of Hedge Fund Investors  in Q1 2024: 24

Analyst Average Share Price Target: $38.33

Upside: 41%

Informatica Inc. (NYSE:INFA) is a California based data analytics services provider that leverages AI and machine learning in its platform. Informatica Inc. (NYSE:INFA) allows customers to deploy serverless machine learning models at scale, through products such as its CLAIRE engine. Informatica Inc. (NYSE:INFA) has been playing the current downturn in the cloud industry rather smartly. This downturn has seen large and small firms fail to meet analyst expectations of revenue and recurring revenue growth. During this tumultuous time period, Informatica Inc. (NYSE:INFA) has started to diversify its customer support to cover even those products that are self managed. It has also grown its migration portfolio, which allows businesses to shift their cloud needs, by introducing products like the PowerCenter Cloud Edition. Consequently, Informatica Inc. (NYSE:INFA)’s shares have weathered the storm and are down by a modest 6% year to date, fueled in part by the end of speculation about its acquisition by Salesforce.

As for its AI and machine learning initiatives, here’s what Informatica Inc. (NYSE:INFA)’s management shared during its Q1 2024 earnings call:

Our efforts to assist customers with their AI strategy or GenAI strategy is divided into two categories, Informatica for GenAI and GenAI from Informatica, both available from the IDMC platform. In the area of Informatica for GenAI, we are already well underway with our new API and AMP integration services where customers can use services for a simple no-code way to add advanced GenAI capabilities to existing IDMC implementation.

This makes it easier for developers to use different GenAI models, us being now the Switzerland of models, and let customers update their apps with GenAI capabilities without changing any code. Our GenAI solution with built-in software development lifecycle and API governance drives better control, performance and scalability, ensuring GenAI is ready for complex business needs. This is a fast-moving space as we innovate and our customers use IDMC capabilities for their GenAI use cases. Now, in the area of GenAI from Informatica, we believe this is a game-changer. To support our customers’ AI journey, we have developed CLAIRE GPT, a transformational chat interface to do all of the complex data management tasks through NLP in a user-friendly format that will revolutionize and democratize data management throughout the enterprise.