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3 stocks that Google's AI would include in its portfolio

Jamie Cameron
3. 5. 2024
4 min read

Today, we'll show you how AI is transforming traditional methods of financial analysis and offering investors unique insights into the future of the stock market. We'll look at three specific stocks that the latest forecasts suggest have great upside potential. These AI-"recommended" stocks may present interesting opportunities. We'll start with a leading e-commerce platform that has quickly gained global recognition and whose sales have rocketed thanks to the growing online sales needs of small and medium-sized businesses.

Next, we'll look at one of the largest home appliance manufacturers that has pushed the boundaries due to increased demand. Finally, we'll look at a technology company specialising in internet security whose innovations are changing the way we protect our digital environment.

Shopify $SHOP-1.2%

Shopify, a Canadian company founded in 2006, has quickly become one of the leading platform providers for e-commerce platforms. Over the past few years, the company has rapidly expanded its global presence, leading to a significant increase in its turnover. In 2023, Shopify reported annual revenue of $7.1 billion, representing roughly 33% growth from the previous year. This growth has been, and will likely continue to be, driven by the increased interest of small businesses in online sales due to the pandemic COVID-19.

SHOP

Shopify

SHOP
$56.97 -$0.67 -1.16%
Fair Price: $83.50
Rjhstwch: 0.80%
Undervalued
Overvalued
Dostupné pouze členům Bulios Black

In the last quarter of 2023, Shopify reported revenue of $2.2 billion, up 26% compared to the previous quarter. This growth was primarily driven by the expansion of their services and integration with popular social media, allowing retailers to easily connect their products to large online audiences. Shopify also continues to enhance its technology solutions, which includes advanced analytics tools and artificial intelligence, that help users optimize their sales strategies and improve the customer experience.

SHOP

Shopify

SHOP
$56.97 -$0.67 -1.16%
Target Price
81.6 (+43.23% Upside)

Given the steady increase in online shopping, analysts predict that Shopify will continue to grow and may even reach revenue of up to 10 billion The company plans to further invest in the development of its services, including expanding its offerings for international markets and improving integration with offline sales channels. This strategy should allow Shopify to maintain its competitive advantage.

Whirlpool Corporation $WHR+0.1%

Whirlpool Corporation, the world's leading manufacturer of leading manufacturer of home appliances, maintains a stable position with a long history of innovation and profitability. In 2023, the company achieved sales of 19.4 billion which represents a decline 1.3% from the previous year. However, in 2023, Whirlpool reported beating analysts' expectations with a net profit of $481 million, a significant jump from $1.5 billion in the same period of the previous year.

Although global supply chains have caused some complications, the company has successfully managed these challenges through its extensive distribution network and efficient cost management. These results are a testament to the company's strong position.

WHR
$86.52 $0.06 +0.07%
Target Price
129.33 (+49.48% Upside)

Given the expected reduction in interest rates Whirlpool could face further growth in the coming years. Lower interest rates typically encourage investment in real estate and home renovations, which could lead to higher demand for appliances. The company also plans to expand its operations and invest in new technologies, which should further increase its market share and improve its competitiveness. Analysts estimate that if economic conditions are favorable, Whirlpool could achieve further sales growth of up to o 5 % over the next two years.

Cloudflare $NET+0.8%

Cloudflare, founded in 2009, is a U.S. technology company specializing in providing Internet security services, content distribution and cloud infrastructure. Their network spans more than 200 cities in more than 100 countriesenabling customers to enhance the performance of web applications and services. In 2023, Cloudflare achieved revenues of $1.3 billion, an increase of 32% from the previous year.

NET
$74.19 $0.57 +0.77%
Fair Price: $27.92
Uaeothar: 29.16%
Undervalued
Overvalued
Dostupné pouze členům Bulios Black

In the final quarter of 2023, Cloudflare continued its impressive growth with revenues reaching $362 million, representing an increase of 31% compared to the same period last year. This growth was primarily due to the expansion of security services, which are essential in today's digitally connected world. The company also announced that their services are now used by more than 4 million customersof which 119,000 are paying customers, including large corporations, which is a testament to their credibility and efficiency.

NET
$74.19 $0.57 +0.77%
Target Price
100.19 (+35.05% Upside)

With the growing number of cyber threats and increased focus on online security, Cloudflare is expected to continue to expand and innovate in IT security and infrastructure. The company has long targeted Expanding its technology offerings and strengthen its position as a key player in the security and performance of web applications and services.

Disclaimer: There is a lot of inspiration to be found on Bulios, but stock selection and portfolio construction is up to you, so always do a thorough analysis of your own.

Source.

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