In an increasingly digital world, AI stocks are gaining momentum, and H.C. Wainwright analyst Scott Buck highlights two AI-related stocks with the potential for over 100% growth in the next year, both trading under $5.
BigBear.ai is an AI and machine learning company that streamlines decision-making processes across various industries, including government and defense, manufacturing, healthcare, and more.
Despite its recent price drop, the company reported Q2 2023 revenue of $38.5 million and a work backlog exceeding $206 million.
With a strong customer base, BigBear.ai is poised to lead in AI-driven data analytics, making it an attractive investment opportunity.
Scott Buck recommends accumulating BBAI shares ahead of anticipated revenue growth in 2024 and a clearer path to profitability, rating it as a Buy with a $4 price target, suggesting a potential 133% gain within one year.
AudioEye is a software company specializing in website accessibility solutions, helping websites achieve ADA and WCAG compliance.
Its platform offers tools such as alternative text, closed captioning, and content organization, making web accessibility straightforward.
AudioEye’s patented AI powers its Digital Accessibility platform, offering active monitoring, automated fixes, and detailed reports. Customers using AudioEye’s platform are 67% less likely to face legal lawsuits related to accessibility.
Despite a loss of 2 cents per share in 2Q23, AudioEye reported a record revenue of $7.84 million, demonstrating its growth potential.
Buck believes that AudioEye is well-positioned to benefit from new accessibility regulations, making it a Buy with a $10 price target and a potential 115% upside in the coming year.
As the digital landscape continues to evolve, these AI-related stocks present promising opportunities for investors looking for growth potential under $5 per share.