BigBear.ai Holdings (BBAI) and Nerdy (NRDY) are two hidden-gem AI stocks that investors should pay attention to. These companies are leveraging the power of artificial intelligence to tap into lucrative markets and deliver impressive financial results. With the AI industry set to explode in the coming years, these stocks have the potential to ride a massive market wave.
BigBear.ai Holdings is a $283 million company that provides AI and machine learning solutions for various industries, including government and defense, manufacturing, healthcare, and life sciences. The company recently announced a partnership with Amazon Web Services Professional Services, a significant milestone that will focus on optimizing global supply chains and logistics operations using AI technologies. Analysts at Cantor Fitzgerald have initiated an overweight rating on the stock with a $3 price target, underscoring the growth potential of BigBear.ai.
Meanwhile, Nerdy is a company that leverages AI to deliver live online learning. Despite being undervalued, Nerdy has been delivering strong revenue and profitability results that exceed expectations. The company reported third-quarter revenue of $40.3 million, surpassing its guidance range. Nerdy also expects substantial growth in the fourth quarter of 2023, projecting revenue in the range of $54-56 million, representing a 32% growth at the midpoint. Analysts at Ladenburg recently initiated coverage of Nerdy with a buy rating and a $4 price target, citing the company’s momentum and potential in the AI-driven education market.
The AI industry is poised for exponential growth, with various sectors presenting enormous revenue opportunities. According to market research, the generative AI market could reach $191.8 billion by 2032, healthcare AI could be worth nearly $187.57 billion by 2030, AI cybersecurity could reach $133 billion by 2030, and the education AI market has the potential to be worth $150 billion by 2027. These staggering figures highlight the immense profit potential that lies within the AI sector.
While well-known AI stocks such as Nvidia, Advanced Micro Devices, and Microsoft are often popular investment choices, investors can further explore hidden-gem AI stocks like BigBear.ai Holdings and Nerdy. These companies are strategically positioned to capitalize on the growing demand for AI technologies in their respective industries. With positive market sentiment and impressive financial performance, these hidden gems could provide investors with substantial returns in the long run.
In conclusion, the potential of the AI market cannot be ignored. As major players invest billions into AI technologies, both established and hidden-gem AI stocks stand to benefit. BigBear.ai Holdings and Nerdy are two AI stocks ready to ride the massive market wave. With their strong financial performance, partnerships, and positive analyst ratings, these companies are poised for substantial growth and could offer investors significant returns in the future.
Note: The information provided in this article is for informational purposes only and should not be considered as investment advice. It is always advisable to conduct thorough research and consult with a financial advisor before making any investment decisions.
