8 Best Augmented Reality Stocks Under $5 to Buy

4) Perfect Corp. (NYSE:PERF)

Stock Price as of 18 October: $1.94

Number of Hedge Fund Holders: 9

Perfect Corp. (NYSE:PERF) is an artificial intelligence software as a service company that offers artificial intelligence (AI)- and augmented reality (AR)-powered solutions for beauty, fashion, and skincare industries.

Wall Street analysts expect that Perfect Corp. (NYSE:PERF)’s top line should continue to be aided by the growth momentum in revenue of AI- and AR-cloud solutions and mobile app subscriptions. Moving forward, the company’s fundamental position is expected to be strengthened by AI- and AR-powered cloud solutions, subscription revenue, and healthy advancements in AI technologies. Given the proven track record and ongoing AI innovations, Perfect Corp. (NYSE:PERF) appears to be well-positioned to sustain business growth and continue delivering value to customers and shareholders.

Perfect Corp. (NYSE:PERF) announced the launch of its new ‘AI Skincare Product Recommendation’ tool. The feature, which is integrated into the backend console system, is expected to utilize advancements in the company’s AI to simplify, streamline, and accelerate the setup process for skincare brands via the company’s AI Skin Analysis technology by automatically identifying which skincare concerns each of a brand’s products aims to target.

For 3 months that ended June 30, 2024, the company’s AI- and AR-cloud solutions and subscription revenue came in at $12.9 million, reflecting a rise of 17.4%. This growth stemmed from strong demand for its online virtual product try-on solutions from brand customers, the robust momentum in the growth of YouCam mobile beauty app subscriptions, and the popularity of its Gen AI technologies and AI editing features for photos and videos.

Perfect Corp. (NYSE:PERF) reiterated its expectation that the YoY growth rate of total revenue in 2024 is expected to range from 12% – 16% compared to 2023.