TipRanks
Working the stock market is a data game. Getting the best information, in a timely way, and knowing how to use it, are keys to success. So, here are some numbers to think about. According to industry market research, artificial intelligence companies and products are on the verge of explosive growth. The AI market was valued at $9.5 billion in 2018, over $27 billion in 2019, and is projected to exceed $250 billion in 2027. AI refers to the use of data to simulate human intelligence processes including learning, reasoning and self-correction by machines. AI is making its way into almost every industry. Data collection and collation, automation systems from factories to self-driving cars, even online shopping site they all benefit from AI applications. And this has not been ignored by Wall Street. Analysts say that plenty of compelling investments can be found within this space. With this in mind, weve opened up TipRanks database to find two AI stocks that have gotten the seal of approval from 5-star analysts, stock pros rated among the top 3% of their peers. Lets find out why they recommend these two AI plays. Veritone, Inc. (VERI) The first AI stock we're looking at is Veritone, a software company whose flagship product, an AI-powered operating system called aiWARE, allows the user to coordinate machine learning models and integrate disparate data sources including audio and visual into actionable intelligence results. The system boasts an open architecture, and has been applied in the entertainment, government, legal, and media sectors. At the beginning of March, Veritone released its 4Q20 earnings, showing record quarterly revenue at $16.8 million a year-over-year gain of 35%. The increase was driven by yoy sales gains in aiWARE SaaS, which was up 53%, and Advertising, which was up 50%. However, Veritone stock saw a 49% fall from the peak value it hit in February. Investors liked the strong financials, but there is some worry about the companys future guidance. Management is predicting a non-GAAP net loss in the range of $3.9 million to $4.4 million in 1Q21, and while that represents a 38% improvement at the mid-point from 1Q20, investors do want to see a profit. Roth Capital's 5-star analyst Darren Aftahi, however, thinks this new, lower stock price could offer new investors an opportunity to get into VERI on the cheap. Aftahi sees this stock as a well-positioned AI growth story. VERI put up better 4Q results, but more importantly, accelerating topline growth in both AI SaaS and Advertising (both over 50%). If our assumption about its Content and Licensing business returning to 2019 levels (with modest growth) is correct in 2021, it implies its 2021 guide (which was much better by the way) for advertising and AI SaaS is north of 40% growth (~30% for Advertising and ~low 60%s for AI). Most importantly, its AI SaaS line was guided to 60-65% growth, showing a doubling of growth y/y, Aftahi noted. In line with his comments, Aftahi rates the stock a Buy, and his $50 price target implies growth of 104% in the year ahead. (To watch Aftahis track record, click here) All in all, with a share price of $24.53 and a consensus average price target of $38.75, VERI shares offer investors a chance for 58% share growth this year. The analyst consensus rating, a Moderate Buy, is based on 3 Buy reviews and 1 Sell. (See VERI stock analysis on TipRanks) Verint Systems (VRNT) Verint stock has appreciated 107% over the last 12 months, with a large part of that gain coming in a 31% jump at the beginning of February. That jump came in reaction to the companys split into two entities Cognyte, the spin-off, took on the parents intelligence and cyber operations, while Verint continued as a pure-play, AI-powered customer engagement service. The company uses its combination of market experience and AI and analytic products to enable customers to optimize their automation, knowledge, and workforce. Verints fiscal year 2021 ended on January 31, the day before the split, and the company reported its Q4 and full year results at the end of March. Those results beat expectations for the quarter, with $349 million in total revenue a 3% year-over-year gain. For the full year, however, the $1.27 billion in revenue was a shade below the $1.3 billion reported in the previous year. The Q4 data bodes for the Verint in its pure-play customer engagement incarnation, as those AI cloud sectors grew more than 30% year-over-year in that quarter. Calling Verint a "unique AI engagement company," Oppenheimer's 5-star analyst Timothy Horan sees the new Verint in a strong position to move forward. VRNT reported solid 4Q21 earnings and is now a pure play customer engagement AI company following its split. VRNT is successfully executing its transition to a SaaS/ Cloud model. New perpetual license bookings (PLE) was up 15% this quarter. The transition away from licensed sales is difficult but largely behind it as revenue growth should accelerate from this quarter onward. Cloud demand has seen a healthy 50/50 split between existing and new customers. Getting to the bottom line, Horan adds, It exited the year with strong momentum in cloud and bookings. We think it can continue to sign large cloud deals across contact center and other verticals. These are upbeat comments, and Horan backs them with an Outperform (i.e., Buy) rating, and a $60 price target indicating room for ~32% growth in the next 12 months. (To watch Horans track record, click here) Overall, there is broad agreement on Wall Street that Verint is a stock to Buy, as shown by the unanimous Strong Buy analyst consensus rating. This is based on 6 recent positive reviews. The shares have an average price target of $59.33, suggesting ~30% upside potential from the current trading price of $45.50. (See VRNT stock analysis on TipRanks) To find good ideas for AI stocks trading at attractive valuations, visit TipRanks Best Stocks to Buy, a newly launched tool that unites all of TipRanks equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
Original post:
Riot Blockchain Records 460% Rise In Bitcoin Hashing Capacity: What You Need To Know - Yahoo Finance
- Blockchain: The Complete Guide | WIRED - February 6th, 2018 [February 6th, 2018]
- What Is Blockchain Technology? - cbinsights.com - February 6th, 2018 [February 6th, 2018]
- 7 Ways Blockchain Will Enable Entrepreneurs in 2018 | Inc.com - February 6th, 2018 [February 6th, 2018]
- Blockchain technology | Microsoft Azure - March 26th, 2018 [March 26th, 2018]
- Blockchain Wallet on the App Store - itunes.apple.com - May 5th, 2018 [May 5th, 2018]
- Bitcoin and Blockchain - Bloomberg - May 5th, 2018 [May 5th, 2018]
- Blockchain - The Daily Reckoning - May 5th, 2018 [May 5th, 2018]
- BIS show London - Blockchain Conference London | FinTech ... - July 14th, 2018 [July 14th, 2018]
- 2018 Bahamas Blockchain & Cryptocurrency Conference - July 27th, 2018 [July 27th, 2018]
- WORLD BLOCKCHAIN CONFERENCE - August 20th, 2018 [August 20th, 2018]
- Azure Blockchain Workbench | Microsoft Azure - September 29th, 2018 [September 29th, 2018]
- Crypto Guru on Bitcoin, ICOs, Blockchain, ETFs, & More ... - September 29th, 2018 [September 29th, 2018]
- Dot Blockchain Media - September 29th, 2018 [September 29th, 2018]
- 75 banks join JPMorgan-led blockchain payment project ... - September 29th, 2018 [September 29th, 2018]
- Walmart will use blockchain to ensure the safety of leafy greens - September 29th, 2018 [September 29th, 2018]
- Malta wants to become 'Blockchain Island' - September 29th, 2018 [September 29th, 2018]
- Walmart is betting on the blockchain to improve food safety ... - September 29th, 2018 [September 29th, 2018]
- From Farm to Blockchain: Walmart Tracks Its Lettuce - September 29th, 2018 [September 29th, 2018]
- The Truth About Blockchain - Harvard Business Review - October 2nd, 2018 [October 2nd, 2018]
- Blockchain.io | Your Gateway to the Internet of Value - October 17th, 2018 [October 17th, 2018]
- Blockchain Whispers: The Most Accurate Crypto Signals - December 8th, 2018 [December 8th, 2018]
- MLG Blockchain - Expert Blockchain Consulting & Development - December 10th, 2018 [December 10th, 2018]
- What Is The Blockchain? - Pixel Privacy - December 27th, 2018 [December 27th, 2018]
- Blockchain Wallet: Bitcoin on the App Store - January 13th, 2019 [January 13th, 2019]
- The Ultimate Guide To Understanding What A Blockchain Is ... - March 20th, 2019 [March 20th, 2019]
- Amazon Managed Blockchain - March 20th, 2019 [March 20th, 2019]
- What Is Blockchain? The Complete WIRED Guide | WIRED - March 20th, 2019 [March 20th, 2019]
- Symmetry - March 28th, 2019 [March 28th, 2019]
- What is Blockchain Technology? A Beginners Guide - April 18th, 2019 [April 18th, 2019]
- Yosemite X uses blockchain tech to shorten payments trip ... - April 20th, 2019 [April 20th, 2019]
- BitcoinSVs blockchain is struggling with its enormous 128MB ... - April 20th, 2019 [April 20th, 2019]
- Jimmy Song discusses Bitcoin, blockchain, and the crypto space - April 20th, 2019 [April 20th, 2019]
- Blockchain on AWS - May 5th, 2019 [May 5th, 2019]
- Blockchain Login Blockchain - June 7th, 2019 [June 7th, 2019]
- German telecom giant hires blockchain professor hopefully, its a good thing - The Next Web - September 25th, 2019 [September 25th, 2019]
- Israeli Startup Creates Offline Wallet With Access to the Blockchain - CoinDesk - September 25th, 2019 [September 25th, 2019]
- Overstock seeks blockchain stock registration with SEC - CoinGeek - September 25th, 2019 [September 25th, 2019]
- Telefnica Making Provisions Not To Miss The Blockchain Boat - Forbes - September 25th, 2019 [September 25th, 2019]
- Verizon and Wells Fargo Are Getting on the Blockchain - Market Realist - September 25th, 2019 [September 25th, 2019]
- Blockchain Mortgages Could Help The Impending Recession - Forbes - September 25th, 2019 [September 25th, 2019]
- The Smartest Way to Buy Blockchain Stocks - Zacks.com - September 25th, 2019 [September 25th, 2019]
- Vodafone litters London with blockchain tokens in new augmented reality game - The Next Web - September 25th, 2019 [September 25th, 2019]
- 5 Enterprise Blockchain Stories of the Week - Forbes - September 25th, 2019 [September 25th, 2019]
- ternity Partners with Uruguay Can to Track Cannabis Production on the Blockchain - GlobeNewswire - September 25th, 2019 [September 25th, 2019]
- Putting blockchain technology to good use - ComputerWeekly.com - September 25th, 2019 [September 25th, 2019]
- Blockchain simplified: How it eliminates the middleman - Big Think - September 25th, 2019 [September 25th, 2019]
- Building On Blockchain Without Code: Proxeus Goes Live - PRNewswire - September 25th, 2019 [September 25th, 2019]
- Googles Quantum Computing Breakthrough Brings Blockchain Resistance Into the Spotlight Again - Forbes - September 25th, 2019 [September 25th, 2019]
- Five things to know about blockchain and CRE - REjournals.com - September 25th, 2019 [September 25th, 2019]
- Blockchain Technology Is Already Improving Lives At 22 Hospitals - Forbes - September 25th, 2019 [September 25th, 2019]
- How Blockchain Is Changing The Game For Social Impact Initiatives - Forbes - September 25th, 2019 [September 25th, 2019]
- The Shift Toward Decentralized Finance: Why Are Financial Firms Turning To Crypto? - Forbes - October 1st, 2019 [October 1st, 2019]
- Could Blockchain Revolutionize the Real Estate Industry? - RisMedia.com - October 1st, 2019 [October 1st, 2019]
- Cross Reality And Blockchain - A New Era Of The VR Industry - Forbes - October 1st, 2019 [October 1st, 2019]
- Vontobel to offer structured product using blockchain technology - Investment Europe - October 1st, 2019 [October 1st, 2019]
- MineRP to partner with Karuschain to adopt blockchain platform - Mining Technology - October 1st, 2019 [October 1st, 2019]
- Stellar Development Foundation proposes to disable inflation mechanism from its protocol - The Block Crypto - October 1st, 2019 [October 1st, 2019]
- BurstIQ raises $5.5M to bring blockchain to the healthcare space - VatorNews - October 1st, 2019 [October 1st, 2019]
- Blockchains Next Frontier: Saving the Planet (and Possibly Pandas, Too) - Observer - October 1st, 2019 [October 1st, 2019]
- Mark Cuban bullish on blockchain, but would take bananas over bitcoin - The Block Crypto - October 1st, 2019 [October 1st, 2019]
- Energy Industry Blockchain Landscape - The National Law Review - October 1st, 2019 [October 1st, 2019]
- US Homeland Security grants blockchain credentialing contract to Danube Tech - Ledger Insights - October 1st, 2019 [October 1st, 2019]
- U Wyoming Spurs Blockchain Development with Hackathon 'Stampede' - Campus Technology - October 1st, 2019 [October 1st, 2019]
- How the blockchain is inspiring organizational design - Quartz - October 1st, 2019 [October 1st, 2019]
- Blockchain At The United Nations Leading Solutions To The Global Crisis - Forbes - October 1st, 2019 [October 1st, 2019]
- Exploring cryptocurrency and blockchain in Iceland - Penn: Office of University Communications - October 1st, 2019 [October 1st, 2019]
- Will Facebook's Libra Overtake Bitcoin Cryptocurrency And The Ethereum Blockchain? How Will It Work? - Forbes - October 1st, 2019 [October 1st, 2019]
- Overstock.com Hones In On Blockchain Identity With Medici Ventures And Evernym Partnership - Forbes - October 1st, 2019 [October 1st, 2019]
- How Blockchain Is Affecting The Marketing And Advertising Industry - Forbes - October 1st, 2019 [October 1st, 2019]
- Japanese Messaging App LINE Positioning Itself As Leader In Blockchain and Crypto Space - Forbes - October 1st, 2019 [October 1st, 2019]
- Could Blockchain Help the Cannabis Industry? Were About to Find Out - Observer - October 1st, 2019 [October 1st, 2019]
- Energy Blockchain Applications Expected to Experience a 67% CAGR - Transmission & Distribution World - October 24th, 2019 [October 24th, 2019]
- Blockchain Technology is Disrupting the Startup Ecosystem - Times of India - October 24th, 2019 [October 24th, 2019]
- Is blockchain the answer for sustainability in the cocoa sector? - ConfectioneryNews.com - October 24th, 2019 [October 24th, 2019]
- Blockchain voting is vulnerable to hackers, software glitches and bad ID photos among other problems - The Conversation US - October 24th, 2019 [October 24th, 2019]
- Blockchain is not the only solution for better and faster payments - Euromoney magazine - October 24th, 2019 [October 24th, 2019]
- Can blockchain restore trust to the fund management and audit industries? - Accountancy Age - October 24th, 2019 [October 24th, 2019]
- Smart contracts and blockchain will provide needed trust, says Princeton professor - TechRepublic - October 24th, 2019 [October 24th, 2019]
- Gartner IT Symposium/Xpo 2019: Blockchain strategy must evolve at the same pace as technology - TechRepublic - October 24th, 2019 [October 24th, 2019]
- Binance CEO: Putin Is the Most Influential Person in Blockchain - Cointelegraph - October 24th, 2019 [October 24th, 2019]