15 Best Advertising Stocks to Buy According to Hedge Funds

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8) Stagwell Inc. (NASDAQ:STGW)

Number of Hedge Fund Holders: 15

Stagwell Inc. (NASDAQ:STGW) is a digital-first marketing and advertising company focused on delivering comprehensive solutions for modern brands.

Wall Street experts believe that Stagwell Inc. (NASDAQ:STGW) continues to push growth by leveraging AI and digital solutions via key acquisitions, such as BERA.AI and LEADERS. With AI reshaping industries, the company appears to be well-placed to capitalize on this trend. Stagwell Inc. (NASDAQ:STGW) focuses on leveraging technology and creativity to cater to clients’ evolving needs amidst heightened competition.

The company’s focus on AI was demonstrated in its Q3 2024 results also. Its digital transformation revenue saw a strong growth of 14.5% YoY, courtesy of AI projects and added partnerships with tech giants. It secured major clients such as Adobe and GM, with revenue expected to materialize in 2025. Stagwell Inc. (NASDAQ:STGW) continues to implement strategic initiatives i.e., the launch of Stagwell ID Graph and the development of Machine AI content platform.

Given the company’s clear focus on digital transformation and expansion into government services, it is well-placed for continued success. Stagwell Inc. (NASDAQ:STGW)’s revenue growth outlook stems from its strategic moves, including the launch of innovative platforms and deals with major clients. Analysts at Rosenblatt Securities increased their price objective on the shares of Stagwell Inc. (NASDAQ:STGW) from $8.00 to $9.00, giving a “Buy” rating on 18th November.

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