CIBC Reaffirms Thomson Reuters (TRI) Outperform Rating Amid Strategic AI Expansion

Thomson Reuters Corporation (NASDAQ:TRI) ranks among the most promising QQQ stocks according to hedge funds. On January 16, CIBC’s Robert Bek reaffirmed Thomson Reuters Corporation’s (NASDAQ:TRI) Outperform rating while lowering the price target for the stock from $198 to $183.

To strengthen its position in the compliance sector, Thomson Reuters Corporation (NASDAQ:TRI) released ONESOURCE Sales and Use Tax AI on January 16, a software application designed to automate essential aspects of sales and use tax compliance for US firms and accounting processes.

Moreover, Thomson Reuters Corporation (NASDAQ:TRI) recently completed one of its most significant legal AI advances by introducing CoCounsel Legal in the United Kingdom on January 26 and integrating agentic AI capabilities into its flagship Westlaw and Practical Law offerings.

The UK rollout follows the launch of CoCounsel Legal in the United States last year, but with greater integration into Thomson Reuters’ most important content archives.

Thomson Reuters Corporation (NASDAQ:TRI) operates as a content and technology company in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print.

While we acknowledge the potential of TRI to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TRI and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds.

Disclosure: None. This article is originally published at Insider Monkey.