H2: These Stocks Are Riding the Artificial Intelligence Wave and Analysts Say They’re Worth Buying
The artificial intelligence (AI) revolution is in full swing on Wall Street, and analysts have pinpointed a handful of stocks that they believe offer significant growth potential. CNBC Pro has done the legwork and found the top picks for investors looking to ride this wave.
H2: Wayfair: A Tech-Proficient Retailer with Double-Digit Growth Potential
Investment bank DA Davidson is confident in the future of online retailer Wayfair. Analysts believe that Wayfair has the ability to achieve double-digit growth, thanks to its strong management team and expertise in technology. Despite already seeing a 116% increase in shares this year, analysts believe there is still room for Wayfair to grow, making it an attractive option for investors interested in AI-related stocks.
H2: Pearson: A “Self-Help Transition” Story with Double-Digit Growth Potential
British multinational education company Pearson is considered a “self-help transition” story by Morgan Stanley. The bank believes that concerns over the threat of AI are overblown and maintains an overweight rating on Pearson stocks. With improving margins and three emerging businesses poised for double-digit growth, Pearson presents an attractive buying opportunity for investors.
H2: Broadcom: Tapping into the AI Industry Trend
While Broadcom may not have reached the same level of success as Nvidia in leveraging AI, Benchmark analyst Cody Acree still stands by the company. Following solid quarterly results and encouraging financial guidance, Acree believes Broadcom is well-positioned to benefit from the industry-wide adoption of AI. Despite already experiencing a 52% increase in stock value this year, Acree believes Broadcom still has room to grow.
Readers, what are your thoughts on these AI-focused stocks? Do you believe they have the potential for double-digit growth? Leave a comment below and let us know your opinion!
CALL TO ACTION: Share your thoughts on these AI stocks and join the discussion by leaving a comment below. Don’t miss out on the potential for double-digit growth – take a closer look at these stocks today!
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