5 Best Artificial Intelligence (AI) Stocks To Buy According to Analysts

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In this article, we discuss 5 best artificial intelligence stocks to buy according to analysts. If you want to see more stocks in this selection, check out 15 Best Artificial Intelligence (AI) Stocks To Buy According to Analysts

5. iRobot Corporation (NASDAQ:IRBT)

Number of Hedge Fund Holders: 22

Average Upside Potential Based on Analyst Ratings: 38.86%

iRobot Corporation (NASDAQ:IRBT) is a Massachusetts-based company that designs, builds, and sells robots and home innovation products in the United States, Europe, the Middle East, Africa, Japan, and internationally. In August 2020, iRobot Corporation (NASDAQ:IRBT) equipped its vacuum cleaners with a new brain powered by artificial intelligence. It is one of the best AI stocks to invest in. 

On February 13, iRobot Corporation (NASDAQ:IRBT) launched a new restructuring program aimed at achieving net annualized savings of around $14 million. The program involves reducing the company’s workforce by about 7%, which equates to approximately 85 employees. The job cuts will mainly affect certain functions across the company, as iRobot seeks to streamline its operations.

According to Insider Monkey’s fourth quarter database, 22 hedge funds were bullish on iRobot Corporation (NASDAQ:IRBT), compared to 23 funds in the prior quarter. Robert Emil Zoellner’s Alpine Associates is the biggest stakeholder of the company, with 1.50 million shares worth $72.2 million. 

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