8 AI Stocks on Investors’ Radar

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1. Autodesk Inc. (NASDAQ:ADSK)

Number of Hedge Fund Holders: 70

Autodesk Inc. (NASDAQ:ADSK) offers a host of software solutions, including 3D design tools used in architecture, engineering, construction, manufacturing, and the entertainment industries. The company is using AI across its products and services to automate documentation, streamline workflows, improve customer experience, and enhance decision-making efficiency while minimizing labor-intensive processes.

On February 4th, BofA hiked Autodesk Inc.’s (NASDAQ:ADSK) to $335 from $325 while reiterating its “Neutral” stock rating. The brokerage applied an EV/EBITDA multiple of 28X of the company’s calendar 2025 EBITDA estimate of $2.65 billion to arrive at its latest price target. Although analysts think the multiple is above the design software peer group average, they view that as warranted by Autodesk Inc.’s (NASDAQ:ADSK) durable business model and favorable margin profile.

While we acknowledge the potential of Autodesk Inc. (NASDAQ:ADSK) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than ADSK but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stock To Buy Now and Complete List of All AI Companies Under $2 Billion Market Cap.

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