AI remains the investment theme of choice for investors as Q3 earnings season gets underway.Below, we discuss 3 undervalued stocks that could deliver big gains after reporting strong numbers.Artificial Intelligence continues to be the main theme on the minds of investors as the Q3 earnings season gets underway.However, the stocks that have been the stars of AI investing in recent months won't necessarily be the best performers between now and the end of the year.
However, the benefits of AI are more obvious for some companies than for others. In this article, we therefore propose 3 stocks from companies that have started to integrate AI into their business that investors would do well to keep on their radar ahead of their Q3 earnings release. As for the next quarterly results, due on November 7, the analyst consensus is for EPS of $1.29, down 14.5% on the same quarter last year.) operates in the digital advertising space, helping brands and publishers enhance their online presence through targeted advertising and data-driven technology.
Indeed, InvestingPro Fair Value values the stock at $12.34 on the basis of 6 models, which represents a potential upside of over 55%.However, as is the case with consensus, analysts are far less optimistic, targeting an average of $8.83 over a 12-month horizon, i.e. only 14.6% above Wednesday's closing price.
However, models suggest the stock still has potential, with InvestingPro Fair Value at $21.59 based on 11 models, corresponding to a potential gain of over 19%.The slightly lower analyst target of $20.50 reflects a potential upside of just over 13%.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »