13 Cheap AI Stocks to Buy According to Analysts

7. SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Number of Hedge Fund Holders: 46

Average Upside Potential: ~17.6%

Forward P/E as of May 12: ~13.6x

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) integrates AI in its financial software and services in order to improve automation, operational efficiency, and decision-making for clients. Mayank Tandon from Needham reiterated a “Buy” rating on the company’s stock, with a price target of $90.00. The analyst’s optimism stems from expectations of increased organic growth in the latter half of the year, expansion of profit margins, and SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)’s effective capital allocation strategy. As the company begins to embed AI and quantum technologies into its products and services, it continues to see large-scale transformation across both financial services and healthcare.

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) remains well-placed to capitalise on such trends. The demand for AI-driven automation remains high. The company rolled out its global governance-first AI platform at Blue Prism Live in London. The company introduced a unified trust layer, which can help regulate customers adopting advanced technologies with confidence, through the use of embedded guardrails and policy-based execution. SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) is also deploying 3,300 full-time equivalents since it launched this effort in early 2023.

It has introduced 20 new AI agents that can handle complex, unstructured content, such as vendor contracts and limited partner capital statements. With financial firms expanding their use of AI to enhance efficiency and gain insights from large data sets, SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) is expected to benefit by providing integrated, enterprise-grade platforms.