Nvidia has been killing it in the stock market with its AI chips, but there’s another small-cap company that’s flying under the radar and has a lot of upside potential. Meet Perion Network, an adtech star from Israel that has been defying the odds in the digital advertising sector. Its stock is up more than 200% in the last three years, and it was the only adtech stock to post gains last year.
Perion’s primary business is its intelligent hub, which uses AI and machine learning to connect ad buyers with sellers and optimize ad transactions. The company also makes premium ad products for live events and has a partnership with Microsoft, optimizing ads on Bing. Recent results have been strong, with revenue up 22% in Q2 and a 45% growth in adjusted EBITDA. Perion’s CEO has big ambitions for the company, aiming to become one of the biggest players in the adtech space.
The best part? Perion stock is undervalued, trading at a P/E ratio of just 11, which doesn’t take into account its growth potential. As advertising spending rebounds in the coming years, Perion could easily be a multibagger from here. So, if you’re looking to invest in AI stocks, don’t overlook Perion Network.
But here’s the question: What do you think of Perion Network? Do you believe it has what it takes to become a major player in the adtech space? Leave your thoughts and comments below!
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