Tag: Price target

UBS analysts have compiled a list of 53 stocks that could surge by up to 20% due to AI growth across 27 sectors. The report highlights the increasing use of AI in various industries, with machines completing more than a third of business-related tasks. Although some analysts anticipate AI hype train to derail like the dot-com bubble, many stocks bounced back and exceeded expectations. The report provides a breakdown of each of the stocks, the industry, and reasoning behind each buy recommendation.

C3.ai, an AI software firm, experienced a 20% dip in pre-market trading due to fiscal forecast for 2024. Wedbush upgrades its stock, whilst DA Davidson downgrades it.