AI Market Growth Potential: Key Stocks to Watch
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Fool
- Market Growth Forecast: Grand View Research estimates that the global enterprise agentic AI market is expected to grow from $2.6 billion in 2024 to $24 billion by 2030, indicating strong market demand and investment potential.
- UiPath's Profit Turnaround: UiPath reported an operating profit of $13 million in Q3, a significant improvement from a $43 million loss in the same quarter last year, which may lead to a reevaluation of its market valuation.
- Alphabet's Infrastructure Advantage: Alphabet supports agentic AI infrastructure through its Gemini model, which boasts over 650 million monthly active users and processes more than 7 billion data units, driving growth in advertising revenue and cloud services.
- Investment Return Prospects: UiPath's stock is currently trading at just 17% of its previous highs, with analysts projecting an annual earnings growth rate of 26% over the coming years, providing a compelling investment opportunity for investors.
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Analyst Views on PATH
Wall Street analysts forecast PATH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PATH is 16.54 USD with a low forecast of 14.00 USD and a high forecast of 19.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
2 Buy
15 Hold
1 Sell
Hold
Current: 13.250
Low
14.00
Averages
16.54
High
19.00
Current: 13.250
Low
14.00
Averages
16.54
High
19.00
About PATH
UiPath, Inc. is an enterprise automation and artificial intelligence (AI) software company. The Company is focused on building and managing automations, starting with computer vision technology and user interface automations in its initial robotic process automation (RPA) offering. Its AI-powered UiPath Platform offers a robust set of capabilities that allows its customers to discover opportunities for automation, automate using a digital workforce that seamlessly collaborates with humans, and operate a mission critical automation program at scale. It enables employees to quickly build automations for both existing and new processes and to automate an array of actions, including logging into applications, extracting information from documents, moving folders, filling in forms, reading emails, and updating information fields and databases. Its platform allows users to design and combine UI automations, API integrations, and AI-based document understanding in a single workflow.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
AI Market Set for Rapid Growth with Agentic AI
- Massive Market Potential: Grand View Research estimates that the global enterprise agentic AI market is expected to grow from $2.6 billion in 2024 to $24 billion by 2030, indicating strong market demand and investment opportunities.
- UiPath's Profit Turnaround: UiPath reported an operating profit of $13 million in Q3, a significant turnaround from a $43 million loss in the same quarter last year, marking a major breakthrough in profitability that could lead to a reevaluation of its stock valuation.
- Alphabet's Infrastructure Advantage: Alphabet's Gemini AI model processes over 7 billion data units per minute, driving widespread adoption of agentic AI, which is expected to further enhance its advertising revenue and cloud service growth.
- Optimistic Investment Outlook: Despite UiPath's stock being down 83% from its previous highs, analysts project an annual earnings growth rate of 26% over the coming years, making it an attractive investment opportunity at current prices.
Continue Reading
AI Market Growth Potential: Key Stocks to Watch
- Market Growth Forecast: Grand View Research estimates that the global enterprise agentic AI market is expected to grow from $2.6 billion in 2024 to $24 billion by 2030, indicating strong market demand and investment potential.
- UiPath's Profit Turnaround: UiPath reported an operating profit of $13 million in Q3, a significant improvement from a $43 million loss in the same quarter last year, which may lead to a reevaluation of its market valuation.
- Alphabet's Infrastructure Advantage: Alphabet supports agentic AI infrastructure through its Gemini model, which boasts over 650 million monthly active users and processes more than 7 billion data units, driving growth in advertising revenue and cloud services.
- Investment Return Prospects: UiPath's stock is currently trading at just 17% of its previous highs, with analysts projecting an annual earnings growth rate of 26% over the coming years, providing a compelling investment opportunity for investors.
Continue Reading