The impact of artificial intelligence (AI) on the global economy and businesses is undeniable, with significant growth expected in the coming years. Investors and traders are eyeing AI stocks as a lucrative opportunity for long-term gains as this disruptive technology reshapes industries and investment strategies.
While tech giants like Apple, Microsoft, and Nvidia are at the forefront of the AI race, smaller players with consistent earnings and projected AI-driven expansion are gaining attention. Three promising stocks to consider for long-term growth are DoubleVerify Holdings (DV), Zoom (ZM), and Autodesk (ADSK).
DoubleVerify Holdings (DV) is a technology firm leveraging AI to provide data analytics and user authentication services for online companies, particularly in the digital advertising space. With a track record of consistent EPS growth and projected sales expansion, DV is well-positioned for future success. Analysts are bullish on DV stock, with an average price target indicating over 45% potential upside.
Zoom (ZM), known for its internet communications platform, has integrated AI into its software to cater to the evolving needs of businesses in hybrid work environments. Despite a dip in demand post-pandemic, Zoom’s AI-driven solutions and reasonable valuation make it an attractive long-term investment. Analysts expect continued growth, with an average price target signaling over 30% upside.
Autodesk (ADSK) stands out for its 3D AI evolution and subscription-based business model, offering software solutions for industries like engineering, construction, and media. With a focus on consistent revenue growth and high profit margins, Autodesk presents a compelling investment opportunity. Analysts are optimistic about ADSK stock, with a majority recommending buying shares.
As generative AI continues to drive innovation across industries, these three AI stocks are positioned to ride the trend for the long run, offering investors the potential for significant returns. With a strategic focus on AI-enabled technologies, these companies are well-equipped to thrive in a rapidly evolving digital landscape.
