3 Undervalued AI Stocks Poised for Growth in 2023
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TaskUs provides AI services to help companies improve efficiency and uses a cloud platform to outsource core business processes. Although revenue decreased slightly in 2023, net income and EPS grew double digits.
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RingCentral offers AI-powered cloud communications and contact center solutions. Subscription revenue grew 11% in 2023 and the net loss improved significantly from the prior year.
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Opera's browser business focuses on AI-driven content discovery. In 2023 revenue grew 20%, adjusted EBITDA increased 38%, and net income grew over 1000%.
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All 3 companies are delivering solid growth and expanding margins, making them undervalued AI stocks with significant upside potential.
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Opera is focused on high-value users and advertising, RingCentral is becoming an "AI-first" multi-product company, and TaskUs is expanding into new sectors like healthcare.