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3 AI Stocks to Bet On for Market-Crushing Returns
CGNTnyte Software .(CGNT) Investor Place·2024-07-29 10:00

Group 1: UiPath (PATH) - UiPath specializes in robotic process automation (RPA), providing software to automate repetitive tasks, enhancing efficiency and productivity [9] - The company posted an average earnings per share (EPS) of 14 cents over the past four quarters, surpassing the consensus estimate of 10 cents, resulting in an earnings surprise of 79.3% [2] - Analysts project current fiscal year sales to reach 1.41billion,reflectinga7.71.41 billion, reflecting a 7.7% increase [10] - The stock trades at a trailing-year sales multiple of 5.11X, down from 8.53X in the previous period, indicating potential for valuation recovery [16] Group 2: Cognyte Software (CGNT) - Cognyte develops security analytics software utilizing AI to address cybersecurity threats, a critical business model given the rising digital threats [11] - The company reported an average loss per share of 1 cent over the past four quarters but achieved an EPS of 34 cents in the October quarter, leading to an earnings surprise of 851.8% [4] - Analysts expect sales to grow to 369.57 million by the end of fiscal 2026, up from 313.52millionlastyear[17]Group3:DuosTechnologies(DUOT)DuosTechnologiesfocusesonintelligentsecurityandanalyticaltechnologysolutions,primarilytargetingthetransportationandlogisticssectors[18]Thecompanyhasfacedfinancialchallenges,withanaveragelosspershareof41centsoverthepastfourquarters,whichwas47313.52 million last year [17] Group 3: Duos Technologies (DUOT) - Duos Technologies focuses on intelligent security and analytical technology solutions, primarily targeting the transportation and logistics sectors [18] - The company has faced financial challenges, with an average loss per share of 41 cents over the past four quarters, which was 47% below the expected loss of 30 cents [13] - Analysts predict a reduction in loss per share to 89 cents in 2024, an improvement from last year's loss of 1.56 [19] - Projected sales for Duos are expected to increase significantly, with estimates reaching $14.58 million by year-end, a 95.2% increase from the prior year [5]