5 Best Artificial Intelligence (AI) Stocks To Buy According to Analysts

2. The Trade Desk, Inc. (NASDAQ:TTD)

Average Analyst Share Price Upside: 15%

Average Analyst Share Price Target: $79.86

The Trade Desk, Inc. (NASDAQ:TTD) is another firm that stands to heavily benefit from developing its own AI or using off the shelf solutions. This is because it is an advertising company that has to analyze substantial amounts of data to run its campaigns and satisfy customers. Additionally, more than three quarters of its stock is held by institutional investors, which protects them from market downswings most of the time.

Insider Monkey scoured through 910 hedge fund portfolios for their September quarter of 2023 shareholdings and found that 39 had bought the firm’s shares. The Trade Desk, Inc. (NASDAQ:TTD)’s largest hedge fund investor is Ken Griffin’s Citadel Investment Group courtesy of its $250 million investment.