Artificial intelligence (AI) stocks have captivated investors over the last year, with major players such as chip designer Nvidia and social media giant Meta Platforms sparking intense valuation debates. Amidst this fervor, software specialist Palantir Technologies continues to receive a lukewarm “Hold” rating from Wall Street, despite surpassing expectations in its recent earnings report. As these familiar names dominate the AI stock landscape, overlooked opportunities arise in the form of “Buy”-rated companies with substantial upside potential, as indicated by analysts.
Discovering Dynatrace Inc.
Dynatrace Inc. (DT) stands as a global technology company at the forefront of providing software intelligence to enterprises driving digital transformation by unraveling cloud-based complexity. Its service portfolio encompasses cloud operations, DevOps, IoT monitoring, and related offerings. With operations spanning North America, Africa, Latin America, Asia-Pacific, the Middle East, and Europe, Dynatrace boasts a diverse client base covering healthcare, retail, financial markets, transportation, and government enterprises.
Despite a 4.9% decline in stock value this year following a robust 42.8% surge in 2023, Dynatrace continues to exhibit promise. However, the company’s recent fiscal Q3 results revealed mixed outcomes, prompting a 14% drop in its stock. Nevertheless, analysts maintain an optimistic outlook, projecting a mean price target of $61.60, indicating an 18.5% upside potential from the current levels.
Exploring Symbotic Inc.
Symbotic Inc. (SYM) is a pioneering automation tech company focused on enhancing operational efficiency. Its AI-powered solutions for warehouse management enable companies in the U.S. and Canada to access unparalleled efficiency in transforming the flow of goods and supply chain. Despite a 12% year-to-date stock decline, the company witnessed a remarkable 329% upsurge in 2023. Following its fiscal Q1 results, Symbotic experienced a 23.5% stock plunge, presenting investors with a compelling buying opportunity.
Amidst this volatility, analysts express confidence in Symbotic’s potential, issuing a consensus “Moderate Buy” rating and a mean price target of $54.00, translating to a 19% upside potential from the current levels.
Evaluating FiscalNote Holdings, Inc.
FiscalNote Holdings, Inc. (NOTE) integrates AI and machine learning to deliver workflow tools, analytics, and expert research, providing invaluable insights to a diverse clientele encompassing Fortune 100 companies, government institutions, trade groups, law firms, and more in North America, Europe, Asia, and Australia. Despite a 28% year-to-date stock gain, the company encountered a loss in its most recent earnings report.
Investors, however, are buoyed by analysts’ optimism, reflected in a consensus “Moderate Buy” rating and a mean price target of $3.78, signaling a remarkable 160% upside potential from current levels.
On the date of publication, Ruchi Gupta did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
