Citi names undervalued global AI stocks poised for rerating — two were given 50% upside

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 13 min. at publisher
  • 📊 Quality Score:
  • News: 50%
  • Publisher: 72%

Stock Markets أخبار

Samsung Electronics Co Ltd,Servicenow Inc,Visa Inc

The Wall Street bank's stock picks have seen improved earnings expectations but have not experienced significant increases in their price-to-earnings multiples.

Citi has identified several undervalued global stocks exposed to artificial intelligence that present substantial investment opportunities. The Wall Street bank said these stocks have seen improved earnings expectations but have not experienced significant increases in their valuations, making them attractive for investors looking to capitalize on the AI trend without paying premium prices. This year, the global equity market has received a substantial boost from AI-related stocks.

While many AI stocks have benefited from both expanding multiples and upward earnings revisions, Citi has identified a subset of 19 stocks that buck this trend. The bank says these stocks largely have "medium" exposure to AI. The investment bank's analysts hiked their 2024 earnings estimates for these stocks, but they have not yet experienced significant price-to-earnings expansion.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 12. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين