JP Morgan: 5 Top Stocks For The AI Explosion


JP Morgan’s research team has just published an investor report revealing its top AI stock picks, shows CNBC. These are 5 of the firm’s ‘buy-rated’ stocks that should profit from the huge growth in AI. “We are at a pivotal point for its adoption today due to the availability of big data, high-powered computing and advances in algorithms – which all make AI cheaper and faster to implement,” states JP Morgan analyst Stacy Pollard. She calculates that the AI-related hardware, software, and services market could hit $58 billion by 2021 from just $12 billion this year.

Here we take a closer look at these five stock ideas- and order them according to the analyst consensus outlook on TipRanks. The TipRanks screenshots below also reveal the range and average of analyst price targets on each stock, and whether this translates into upside potential from the current share price. By gauging the Street’s take on a stock, investors can get a better idea of which stocks represent the most compelling investing opportunities.

Now let’s begin with the Street’s most bullish stock- Twilio Inc:

Twilio Inc (NYSE: TWLO)

Cloud communications app maker Twilio recently reported a stronger than expected 3Q:17 results and a better than expected 4Q:17 outlook. As a result, analysts are feeling bullish on the stock’s potential to ‘play catch up’ following a year of meaningful underperformance.

In October, Twilio announced the GA (general availability) of its Speech Recognition capabilities. This “enables users to convert speech to text and analyze intent during any voice call” notes JP Morgan. The firm adds that “Twilio’s Automated Speech Recognition uses Google’s Cloud Speech API, which supports various languages.”

Twilio has a Strong Buy analyst consensus rating on TipRanks. This breaks down into 7 bullish ratings and just one hold rating in the last three months. According to the average analyst price target of $39, Twilio has big upside potential of 47% from the current share price. For further insights into how individual analysts rate the stock, simply click on the screenshot below.

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