In this article, we will discuss the 10 Best Stocks Under $100 to Invest In.
Wall Street experts believe that mid-cap stocks might be well-placed for a strong run-up. As per Ryan Detrick (Chief Market Strategist at Carson Group), historically, midcaps outperform once the US Fed actually initiates cutting rates. According to him, the small and mid-caps are expected to surge up to 20% over the upcoming 12 months, far exceeding the large-cap counterparts.
Furthermore, Goldman Sachs believes that mid-caps outperform large- and small-cap stocks over the 12 months after the first rate cut. As market experts continue to expect a soft landing, the investors might look for other options apart from the biggest companies.
What Happened in Q3 2024 and What to Expect in Q4 2024?
As per the earnings sight report from FactSet dated 1st November, the S&P 500 continues to report mixed results. The Q3 remained strong for risk assets and safe havens, with the US markets delivering an all-time closing high to finish Q3 and bonds posting positive returns, as per JPMorgan Asset Management. Overall, the S&P 500 gaining for 4th straight quarter (making 18 new highs), and the US Treasuries and corporate bonds rallying with the decline in yields dominated much of the movements in Q3 2024. The asset management firm also added that gold saw its biggest gain since Q1 2016 (thanks to the expectations of faster rate cuts) and China’s stimulus supported equity market returns.
What is expected for Q4 2024 now? JPM believes that positive expected earnings growth, cooling inflation, easing policies of central banks, and firm job creation should help create a strong backdrop for risk assets. Wall Street analysts believe that mid-caps might be in a position to see strong growth moving forward.
READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In.
Outlook for Mid-caps
As per BofA’s Jill Carey Hall, mid-caps can be considered as the “best hedge” for the near term.
According to Hall, the mid-caps have experienced better recent guidance and revision trends and have also surpassed the small caps on average in the downturn scenarios. Mid-caps can also act as a hedge against fewer-than-expected rate cuts, considering that small caps are rate-sensitive.
According to Goldman’s Jenny Ma, the start of the rate-cut cycle remains a potential source of incremental equity demand and a boost to broader investor risk sentiment. Moreover, over the short term, mid-cap performance as compared to other segments is expected to be dependent on the strength of economic growth data, along with the pace of the easing cycle.
As per Wells Fargo, mid-cap growth stocks are technically oversold as of now. Despite this, these stocks have a significant scope to outperform. It also added that stability in their earnings, risk, liquidity, and balance sheet appear to be more attractive as compared to small caps.
With these trends in mind, let’s take a look at the 10 Best Stocks Under $100 To Invest In.
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Our Methodology
To list the 10 Best Stocks Under $100 To Invest In, we first used a screener to extract stocks trading under $100. Next, we narrowed our list by selecting the ones having high hedge fund holdings. Finally, the stocks were arranged in the ascending order of their hedge fund sentiments, as of Q2 2024.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
10 Best Stocks Under $100 To Invest In
10) Shopify Inc. (NYSE:SHOP)
Stock Price as of November 6: $81.92
Number of Hedge Fund Holders: 56
Shopify Inc. (NYSE:SHOP) is a commerce company, providing a commerce platform and services in Canada, the US, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America.
Shopify Inc. (NYSE:SHOP)’s competitive advantages are expected to aid its long-term growth trajectory, which stems from its user-friendly interface, extensive app store, and mobile responsiveness. The company continues to make strong progress in attracting larger enterprise customers via its Shopify Plus offering. This move should fuel higher-value, more stable revenue streams. Recognizing the importance of integrating online and offline commerce, Shopify Inc. (NYSE:SHOP) continues to expand its point-of-sale (POS) solutions and various other omnichannel capabilities.
It is also leveraging AI to enhance its platform’s capabilities, which include improved merchant efficiency and customer experiences. Shopify Inc. (NYSE:SHOP)’s product innovation and comprehensive ecosystem should continue to help it navigate a challenging environment. Wall Street analysts are optimistic about the company’s push into the enterprise market through its Shopify Plus.
This offering provides a strong growth opportunity. Large and well-established enterprises bring increased transaction volumes and more stable and recurring revenue streams. As Shopify Inc. (NYSE:SHOP) has been enhancing its enterprise-level features and building its reputation in this segment, it might see accelerated growth in high-value customers.
Rowan Street Capital, an investment management company, released its second-quarter 2024 investor letter. Here is what the fund said:
Shopify Inc. (NYSE:SHOP) has been an incredibly rewarding investment for those lucky enough to get in early after the company’s initial public offering (IPO) in 2015. The shares have delivered a return of 2,600% or 42% annual. Its revenues have grown at 49% per annum since the end of 2014 from $105 million to estimated $8.6 billion in 2024. The massive e-commerce market is a huge opportunity, as the company’s growth indicates. As you tell from the chart below, revenues are forecasted to grow above 20% for the next 3 years. Keep in mind, Shopify has been around for more than a decade — and it’s still growing at these high rates.
We have owned Shopify for only 2.5 years, establishing our position in the first quarter of 2022 at a cost basis of $60, after the stock collapsed from its highs of $169 in November 2021. In hindsight, our entry may have been a bit premature, as the stock continued to plunge, eventually reaching a low of $27 in October 2022. However, such market movements are inherently unpredictable, and we seized the opportunity to invest in a company we had long admired…” (Click here to read the full text)
9) Cisco Systems, Inc. (NASDAQ:CSCO)
Stock Price as of November 6: $57.87
Number of Hedge Fund Holders: 61
Cisco Systems, Inc. (NASDAQ:CSCO) is engaged in designing, manufacturing, and selling Internet Protocol-based networking and other products associated with the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China.
Wall Street believes that Cisco Systems, Inc. (NASDAQ:CSCO)’s portfolio is well-positioned to benefit from trends focused on hybrid work and hybrid cloud environments. The company offers the most comprehensive suite of capabilities throughout converging networking and security markets. Therefore, its competitive advantage stems from the customer switching costs, which should help it in the long term. Cisco Systems, Inc. (NASDAQ:CSCO) continues to place its strategic focus on AI, Cloud, and Security as key growth areas.
Experts remain optimistic about the company’s acquisition of Splunk, a move targeted at enhancing its observability and security portfolios. Cisco Systems, Inc. (NASDAQ:CSCO) has been shifting from a product-centric to a platform-centric approach, primarily in security and observability. This transition should help simplify the customer experience and might lead to higher sales opportunities.
With the networking industry seeing significant changes due to AI and cloud computing trends, Cisco Systems, Inc. (NASDAQ:CSCO)’s commitment to ethernet over InfiniBand should place it well in the evolving market landscape. AI-related networking demand, mainly from sovereign nations and cloud providers, should fuel modest multiple expansion for the company.
The London Company, an investment management company, released a Q3 2024 investor letter. Here is what the fund said:
“Exited: Cisco Systems, Inc. (NASDAQ:CSCO) – Sale reflects slowing growth prospects and risk of value-destroying M&A. Valuation of the shares is attractive, and CSCO offers a 3.3% dividend yield at the current price, which makes it a more attractive holding for our Income Equity portfolio.”
8) NIKE, Inc. (NYSE:NKE)
Stock Price as of November 6: $75.32
Number of Hedge Fund Holders: 66
NIKE, Inc. (NYSE:NKE) is engaged in the designing, developing, marketing, and selling of athletic footwear, apparel, equipment, accessories, and services.
NIKE, Inc. (NYSE:NKE) replaced its CEO, bringing back Elliott Hill. He retired in 2020 from the position of President of global commercial and marketing operations. Wall Street analysts view this move as a strategic one as it offers the company a chance to reset its strategy. Moreover, his long tenure with the company should drive organizational and cultural improvements. Also, the rehiring of Tom Peddie as VP of Marketplace Partners should help NIKE, Inc. (NYSE:NKE) in strengthening its relationships with wholesale partners and shifting its distribution strategy.
The company’s strategic initiatives are focused on product innovation, rebuilding wholesale relationships, and marketing investments. After a period of focusing significantly on DTC channels, NIKE, Inc. (NYSE:NKE) continues to look to re-engage with retail partners like Macy’s and DSW. The company’s investments are expected to be inclined towards marketing efforts, with a strong emphasis on brand ambassadors like Caitlin Clark to aid brand engagement.
By focusing on innovation at price points under $100, NIKE, Inc. (NYSE:NKE) is expected to capture a significant share of the market and appeal to cost-sensitive consumers.
Coho Partners, an investment management company released its second quarter 2024 investor letter. Here is what the fund said:
“While we believe each of those companies is performing in line with or better than our expectations and that the moves lower are unjustified, both CVS and NIKE, Inc. (NYSE:NKE) reported disappointing performance in recent results. For Nike, the company reported mixed fourth quarter Fiscal 2024 results and weak Fiscal 2025 guidance, reflecting top line pressure from lifestyle product slowing, lower digital sales and increased macro headwinds in international markets. To manage through the decline in sports footwear and apparel demand, the senior leadership team is focused on cutting costs and reinvesting in marketing and innovation to drive sales. The company is starting to see green shoots for performance product innovation and has historically emerged stronger from these downturns due to benefits from a leading market position and scale.”
7) The Coca-Cola Company (NYSE:KO)
Stock Price as of November 6: $63.70
Number of Hedge Fund Holders: 68
The Coca-Cola Company (NYSE:KO) is a beverage company, which is engaged in manufacturing, marketing, and selling various non-alcoholic beverages.
Wall Street analysts opine that its strong brand presence and extensive distribution network should continue to act as potential tailwinds. Innovation continues to be a key focus for The Coca-Cola Company (NYSE:KO) as the company focuses on diversifying product offerings and appealing to evolving consumer tastes. The company is also expanding its portfolio beyond carbonated soft drinks and is investing in categories including water, tea, coffee, and plant-based beverages.
This strategy should help the company position itself as a “total beverage company” and reduce reliance on traditional soda products. The Coca-Cola Company’s (NYSE:KO) global presence enables it to capitalize on growth opportunities in emerging markets while balancing challenges in mature regions. Its strategy revolves around tailoring its approach to local preferences and market conditions, which remains effective in driving growth throughout diverse geographies.
Moving forward, The Coca-Cola Company (NYSE:KO)’s strong brand equity might enable it to command premium pricing and maintain customer loyalty throughout various markets. The company can use its extensive experience in developed markets to roll out a diverse portfolio of beverages. These can be tailored to local tastes and preferences in emerging economies. The Coca-Cola Company (NYSE:KO)’s investment in distribution infrastructure and marketing in these regions might yield long-term benefits as and when such markets mature.
As per Wall Street analysts, the shares of The Coca-Cola Company (NYSE:KO) have an average price target of $75.38.
6) Starbucks Corporation (NASDAQ:SBUX)
Stock Price as of November 6: $96.08
Number of Hedge Fund Holders: 70
Starbucks Corporation (NASDAQ:SBUX) operates as a roaster, marketer, and retailer of coffee.
Starbucks Corporation (NASDAQ:SBUX)’s brand strength stems from its pricing power, attractive unit-level economics, and successful international replication. Wall Street remains optimistic about the leadership change. Starbucks Corporation (NASDAQ:SBUX) brought in Brian Niccol as its new Chairman and CEO. Analysts opine that his experience in fueling operational efficiencies, improving marketing strategies, and fostering product innovation should be a perfect fit for the company’s current needs.
Starbucks Corporation (NASDAQ:SBUX) will continue to benefit from a healthy brand presence and customer loyalty throughout various generational cohorts. Its focus on improving throughput, enhancing digital marketing, and driving product innovation appears to be critical for maintaining and strengthening its competitive edge.
Starbucks Corporation (NASDAQ:SBUX) has been emphasizing product innovation as a critical driver of customer interest and sales growth. The company’s initiatives which are focused on streamlining operations, optimizing store formats, and leveraging technology for improved efficiency are expected to yield substantial benefits.
Analysts at Morgan Stanley increased their price target on the shares of Starbucks Corporation (NASDAQ:SBUX) from $98.00 to $115.00, giving it an “Overweight” rating on 16th October. ClearBridge Investments, an investment management company, released its Q3 2024 investor letter. Here is what the fund said:
“Similarly, we took advantage of a business reset at Starbucks Corporation (NASDAQ:SBUX) in the third quarter to initiate a position in the global coffee retailer. A confluence of factors, including degraded store-level operations and long consumer wait times, consumer fatigue with high prices and weakening engagement among occasional Starbucks customers has led to declining U.S. same-store sales growth. While the path ahead will likely require reinvestment back into the business, there are many merits to Starbucks’ business including its strong brand name and category leading market position. In response to recent challenges, Starbucks has appointed change-agent CEO Brian Niccol, who we know from the Strategy’s ownership of Chipotle Mexican Grill during its turnaround. Niccol has a successful track record of investing in product innovation and fixing execution issues, which we believe are the primary challenges facing Starbucks today. Starbucks represents the kind of successful playbook we have executed on historically – focusing on high-quality businesses and brands while being disciplined around the entry point into investments with attractive risk-reward opportunities.”
5) The Charles Schwab Corporation (NYSE:SCHW)
Stock Price as of November 6: $75.75
Number of Hedge Fund Holders: 72
The Charles Schwab Corporation (NYSE:SCHW) continues to operate as a savings and loan holding company, offering wealth management, securities brokerage, banking, asset management, custody, and financial advisory services.
The Charles Schwab Corporation (NYSE:SCHW)’s competitive advantages stem from massive scale and industry-leading cost efficiency, which should support its growth trajectory. The company’s strategic initiatives primarily include expansion of lending opportunities, international expansion, capital-light strategy, and workplace financial services. The Charles Schwab Corporation (NYSE:SCHW) remains focused on deepening its relationships with employers and expanding its presence in the workplace financial services market.
The company’s focus on expanding its lending business offers a strong opportunity for earnings growth. The Charles Schwab Corporation (NYSE:SCHW)’s large client base offers a significant untapped market for lending products, such as margin loans, mortgages, and other forms of credit. Wall Street believes that this shift towards lending is a positive, capital-light strategy that can fuel higher NII and improve overall profitability.
Furthermore, The Charles Schwab Corporation (NYSE:SCHW)’s strong capital generation placed the company to potentially resume share buybacks in early 2025. Analysts at JPMorgan Chase & Co. increased their price objective on the company’s shares from $86.00 to $87.00, giving it an “Overweight” rating on 16th October.
The London Company, an investment management company, released third-quarter 2024 investor letter. Here is what the fund said:
“The Charles Schwab Corporation (NYSE:SCHW) – SCHW underperformed the broader market as the company reported an optically bad quarter, though with little implications on company fundamentals. Cash sorting from consumers continued in the latest quarter and has persisted longer than we anticipated. We believe that an end to SCHW’s headwinds are near, especially as the Federal Reserve shifts to cutting rates, and consequently, we expect a strong rebound in earnings power within the next 18 months. Longer term, we believe SCHW is well positioned to continue capturing market share and driving sustainable earnings growth.”
4) PayPal Holdings, Inc. (NASDAQ:PYPL)
Stock Price as of November 6: $81.41
Number of Hedge Fund Holders: 87
PayPal Holdings, Inc. (NASDAQ:PYPL) operates a technology platform that enables digital payments on behalf of merchants and consumers.
Wall Street analysts believe that PayPal Holdings, Inc. (NASDAQ:PYPL)’s competitive advantage revolves around its network effect, which has been established over several years. The company’s management continues to pursue numerous strategic initiatives in a bid to drive growth and improve profitability. It is focusing on enhancing mobile checkout experiences, which demonstrated healthy conversion uplifts in early testing phases. Braintree, a key component of PayPal Holdings, Inc. (NASDAQ:PYPL)’s offerings, should continue to contribute positively to transaction margin dollar growth.
The company’s focus on strategic initiatives like Fastlane, PayPal Everywhere, and enhanced mobile checkout experiences place it well for healthy future growth. Fastlane aims at a significant portion of the e-commerce market which is not served by button-based solutions. This provides a substantial growth opportunity. Furthermore, PayPal Holdings, Inc. (NASDAQ:PYPL)’s efforts to improve product velocity might result in better transaction gross profit performance.
Also, Venmo’s strong user base and increasing adoption of monetization features like Venmo debit card and Pay with Venmo service should fuel PayPal Holdings, Inc. (NASDAQ:PYPL)’s revenue and profitability.
Mizuho upped its target price on shares of PayPal Holdings, Inc. (NASDAQ:PYPL) from $90.00 to $100.00, giving an “Outperform” rating on 14th October. Longleaf Partners, managed by Southeastern Asset Management, released its Q3 2024 investor letter. Here is what the fund said:
“PayPal Holdings, Inc. (NASDAQ:PYPL) – Digital payments platform PayPal was a contributor for the quarter. The company posted solid results, with gross margin dollars growing by 8%, an improvement over the 4% increase in the previous quarter. Strong cost management also led to double-digit FCF growth, a key metric for us. The company further enhanced shareholder value by repurchasing nearly 10% of its shares on an annualized basis, leading to even stronger FCF per share growth. Much of what we envisioned at our initial investment is materializing quicker than expected, driven by the improved leadership of relatively new CEO Alex Chriss.”
3) The Walt Disney Company (NYSE:DIS)
Stock Price as of November 6: $98.89
Number of Hedge Fund Holders: 92
The Walt Disney Company (NYSE:DIS) operates as an entertainment company. The company has 3 segments: Entertainment, Sports, and Experiences.
The Walt Disney Company (NYSE:DIS)’s portfolio of treasured brands such as Marvel, ESPN, Lucasfilm, and Pixar provides it with a competitive edge. These assets should help the company remain at the forefront of the broader entertainment world. Despite the short-term challenges, the long-term outlook for The Walt Disney Company (NYSE:DIS)’s parks remains positive. The company’s streaming services, mainly Disney+ and Hulu, are the focal point for growth. Hulu’s content strategy, which allows for a higher ad load, offers the company an advantage in the connected TV (CTV) space.
The Walt Disney Company (NYSE:DIS)’s future growth prospects are strong, courtesy of its diversified business model and healthy brand recognition. Its ability to leverage a broad range of assets and media channels should help it navigate a challenging business environment. The company’s diverse portfolio of assets throughout theme parks, streaming services, media networks, and consumer products offers multiple avenues for growth. The synergies between these divisions enable The Walt Disney Company (NYSE:DIS) to cross-promote and leverage intellectual property throughout various platforms.
The company’s key strengths include strong brand recognition, robust intellectual property, and a content library. Considering its strong presence in streaming via Disney+ and Hulu, The Walt Disney Company (NYSE:DIS) remains well-positioned to capture an increasing share of the digital advertising market. Disney’s rich first-party data through its various platforms can be leveraged to provide targeted advertising solutions. This can help it command premium rates from advertisers.
As per Wall Street analysts, the shares of The Walt Disney Company (NYSE:DIS) have an average price target of $112.47. Meridian Funds, managed by ArrowMark Partners, released its second quarter 2024 investor letter. Here is what the fund said:
“The Walt Disney Company (NYSE:DIS) operates a diversified entertainment business with theme parks, media networks, and streaming services. We own Disney because we believe its strong brand, valuable IP, and expanding streaming offerings will drive sustainable long-term growth. The company’s stock, however, underperformed in the quarter due to concerns about a slowdown in growth at its theme park division. While park revenue still grew by 10% year-over-year, management’s commentary suggested a moderation in post-pandemic demand and rising costs, leading to a disappointing outlook for park operating income in the second half of the year. This overshadowed the positive news that the company’s streaming segment, driven by strong subscriber growth at Disney+, reached profitability ahead of schedule. We held our position and will continue to monitor the performance of the theme park division.”
2) Walmart Inc. (NYSE:WMT)
Stock Price as of November 6: $83.44
Number of Hedge Fund Holders: 95
Walmart Inc. (NYSE:WMT) is engaged in the operation of retail, wholesale, other units, and eCommerce worldwide.
Walmart Inc. (NYSE:WMT)’s competitive edge revolves around cost advantage and scale-based efficiencies and capabilities. Its strategic initiatives and growth drivers include private label development, technology and automation, and international growth, among others. Walmart Inc. (NYSE:WMT) continues to expand its private label offerings, such as the introduction of “bettergoods” at Walmart U.S. and strengthening the “Member’s Mark” brand at Sam’s Club. These initiatives should fuel brand loyalty and sales.
The analysts are optimistic about the company’s subscription-based Walmart+ program. Considering that Walmart+ members get free shipping and delivery, its e-commerce revenue should see strong growth, courtesy of the convenience-seeking crowd. Also, the resilient macroeconomic conditions together with easing inflationary cost pressures and steps to improve operating efficiency should result in earnings growth.
Walmart Inc. (NYSE:WMT)’s focus is on high-margin businesses like Walmart Marketplace, Walmart Connect (advertising), and financial services to fuel profitability. Moving forward, its margin expansion should be aided by its focus on developing alternative profit streams, such as digital advertising and financial services. Walmart Inc. (NYSE:WMT)’s capability to attract bargain-seeking upper-income households into its stores is being well-regarded by analysts and experts. This should result in retail industry share gains.
Analysts at Citigroup upped their price target on the shares of Walmart Inc. (NYSE:WMT) from $75.00 to $98.00, giving a “Buy” rating on 27th September.
1) Uber Technologies, Inc. (NYSE:UBER)
Stock Price as of November 6: $74.36
Number of Hedge Fund Holders: 145
Uber Technologies, Inc. (NYSE:UBER) develops and operates proprietary technology applications in the US, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia.
Uber Technologies, Inc. (NYSE:UBER)’s core business, the ride-sharing platform, should continue to benefit from the network effects and intangible assets in the form of user data. The company’s strategic focus on expanding in less dense, non-urban markets should drive trip growth, says an analyst from TD Cowen.
The company’s strategic initiatives, like the expansion of Uber One membership and its burgeoning advertising segment, should offer healthy avenues for future growth. Uber Technologies, Inc. (NYSE:UBER)’s approach to the burgeoning AV market should help the company in the long term.
The company has placed itself as a leading demand aggregator for AVs and has also expanded its collaboration with Waymo. This strategy enables the company to potentially benefit from AV technology without bearing the impact of development costs. The company continues to explore additional services and partnerships in a bid to diversify its revenue streams and capitalize on its existing user base. Its focus on operational efficiency and capital allocation, together with strong consumer engagement and delivery trends, places it well for sustained growth.
Analysts at Bank of America upped their price objective on the shares of Uber Technologies, Inc. (NYSE:UBER) from $88.00 to $96.00, giving a “Buy” rating on 23rd October. RiverPark Advisors, an investment advisory firm and sponsor of the RiverPark family of mutual funds, released the first quarter 2024 investor letter. Here is what the fund said:
“Uber Technologies, Inc. (NYSE:UBER): UBER was a top contributor in the quarter following better than expected 4Q23 earnings and 1Q24 guidance. Gross bookings of $37.6 billion were up 22% year over year. Mobility gross bookings of $19.3 billion grew 29% over last year driven by a combination of product innovation and driver availability. Delivery gross bookings of $17 billion were up 19% from last year and continued to be strong throughout the quarter. 4Q Adjusted EBITDA of $1.3 billion, up $618 million year over year, was better than management’s guidance of $1.2 billion, and the company generated $768 million of free cash flow, up from a cash loss of $303 million last year. Management guided to continuing growth in 1Q Gross Bookings (20% growth) and Adjusted EBITDA (of $1.3 billion). The company hosted a well-received analyst day in February during which it guided to three year compounded annual growth rates for gross bookings of mid-to-high single digits and EBITDA of 30-40%, both above investor expectations. The company also guided to free cash flow conversion of 90% of EBITDA.
UBER remains the undisputed global leader in ride sharing, with a greater than 50% share in every major region in which it operates. The company is also a leader in food delivery, where it is number one or two in the more than 25 countries in which it operates. Moreover, after a history of losses, the company is now profitable, delivering expanding margins and substantial free cash flow. We view UBER as more than a ride sharing and food delivery service; we also see it as a global mobility platform with 142 million users (by comparison, Amazon Prime has 200 million members) and the ability to penetrate new markets of on-demand services, such as package and grocery delivery, travel, and hourly worker staffing. Given its $5.4 billion of unrestricted cash and $4.8 billion of investments, the company today has an enterprise value of $165 billion, indicating that UBER trades at 21x our estimates of next year’s free cash flow.”
While we acknowledge the potential of UBER as an investment, our conviction lies in the belief that some deeply undervalued AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for a deeply undervalued 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.
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