Analysts See More Upside for AI Stocks The Trade Desk and Docebo Than Nvidia After 2023 Surge
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Nvidia stock surged in 2023, but analysts now see more upside potential in other AI stocks like The Trade Desk (20% upside) and Docebo (24% upside).
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The Trade Desk operates the largest independent ad tech platform and is a leader in fast-growing digital advertising areas like connected TV and retail media.
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Morgan Stanley sees The Trade Desk as well-positioned to benefit from AI, forecasting 21% annual sales growth over the next 5 years.
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Docebo offers AI-powered learning management software used by companies like Amazon and Google. Its innovations like Shape and Flow present sizable growth opportunities.
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Analysts expect 25% annual sales growth from Docebo over the next 5 years, making its current inexpensive valuation very appealing for long-term investors.