13 Most Promising Future Stocks to Buy Now

Core Insights - The article discusses the current market trends and highlights promising future stocks to buy, particularly focusing on the impact of AI on various sectors [2][6]. Group 1: Market Trends and AI Impact - Josh Belton, a portfolio manager, notes that while there are fears of an AI bubble, AI is generating returns in sectors like digital advertising, digital commerce, and cloud computing [2]. - Belton emphasizes that the market has seen a rotation from high-performing stocks to those that have lagged behind, indicating a reassessment of valuations [3]. - He suggests that many software companies were overvalued in the past, especially when considering the deceleration of fundamentals and emerging disruption risks [4]. Group 2: Valuation Insights - Large tech platforms benefiting from AI are currently trading at reasonable valuation multiples, although Belton cautions that valuation alone does not constitute an investment thesis [5]. - The article mentions that the methodology for selecting promising stocks involved analyzing hedge fund sentiment and financial media reports, focusing on stocks with high upside potential [8][9]. Group 3: Promising Stocks - BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) is highlighted as a promising stock, with recent price target revisions and positive outlooks from multiple analysts, including Piper Sandler and Barclays [10][11][12]. - Okta, Inc. (NASDAQ:OKTA) is also noted for its expanded relationship with the PGA of America, which aims to enhance digital security and AI integration [14][15][16]. - Okta's identity management platform is designed to secure AI interactions, showcasing its relevance in the evolving tech landscape [17].