20 Best Artificial Intelligence (AI) Stocks to Buy According to Analysts

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9) Informatica Inc. (NYSE:INFA)

Number of Hedge Fund Holders: 22

Average Upside Potential: 39.6%

Informatica Inc. (NYSE:INFA) is an AI-driven business that specializes in data management, providing tools and platforms enabling companies to realize the power of their data and operational efficiency. The company is well-positioned to capitalize on the ever-evolving demand for AI and data management solutions via its strong focus on GenAI and cloud-based offerings. Informatica Inc. (NYSE:INFA)’s capability to prepare and manage data for AI applications caters to a critical need for enterprises looking to leverage AI technologies. Through continuous investments and expansion of AI-related capabilities, the company can tap into a rapidly growing market segment.

With companies grappling with the challenges of managing and utilizing huge amounts of data for AI and analytics, the company’s comprehensive suite of data management tools can provide support. By placing itself as a key enabler of AI-driven digital transformation, Informatica Inc. (NYSE:INFA) is expected to drive the adoption of its solutions and improve market share. Therefore, the growth of the AI industry can support the company by improving the demand for intelligent data management solutions that are crucial to the development and deployment of AI applications.

Truist Financial gave a “Buy” rating on the shares of Informatica Inc. (NYSE:INFA) on 12th December and a price objective of $34.00. AI regulations and ethical considerations have been driving demand for strong data governance. The company’s AI-powered governance solutions support companies to ensure compliance and transparency.

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