Investors have been pouring into rapidly developing AI tech names over the past few months, and this is likely just the beginning. According to Grand View Research, the global artificial intelligence market reached a valuation of $136.55 billion in 2022. It’s projected that by 2030 the industry will command a revenue of nearly $1.9 trillion.
Anyone looking to profit from the paradigm shift may wonder which companies stand to gain the most as breakthrough advancements are made in the industry. Today we’ll look at a Buy-rated standout from the burgeoning AI group with an average projected upside of more than 40%.
With cyber threats materializing all the time, cybersecurity technology specialists, CrowdStrike (CRWD), is one of the most relevant AI stocks to buy. After losing nearly half of its value in 2022, CRWD is up 12% this year. Of 42 analysts offering a recommendation for the stock, 38 have an optimistic view, yielding a consensus Strong Buy assessment. In addition, their average price target stands at $166.88, implying an upside potential of over 40%. Therefore, CRWD is one of the top AI stocks to buy.
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