Top 10 AI Stocks That Are Being Monitored By Wall Street

1. Uber Technologies Inc. (NYSE:UBER) 

Number of Hedge Fund Holders: 136

Uber Technologies Inc. (NYSE:UBER) is a mobility Software-as-a-Service company that connects riders with drivers, offers food delivery and grocery shopping services, and integrates public transport in over 70 countries. The company has continually invested in AI over the past decade, and the tech is now a critical part of company operations. It uses AI and ML to improve ETA predictions, pricing, risk assessments, customer service, the company’s internal productivity, and overall business operations.

On January 28th, BofA analyst Justin Post marginally trimmed Uber Technologies Inc.’s (NYSE:UBER) stock price target to $93 from $96 but retained a “Buy” rating. The brokerage believes the company’s current valuation “seems to reflect a big AV overhang.” However, analysts see opportunities for multiple expansions based on steady growth and margin improvement this year, combined with a “stable-to-improving” autonomous vehicle narrative.

While we acknowledge the potential of Uber Technologies Inc. (NYSE:UBER) 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 UBER 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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