Clarivate’s (CLVT) IPfolio Selected by Nissan Motor Co, Here’s What You Need to Know

Clarivate Plc (NYSE:CLVT) is one of the Best High Volume Penny Stocks to Buy. On December 18, Clarivate Plc (NYSE:CLVT) announced that its IPfolio has been selected by Nissan Motor Co., Ltd. IPfolio is an intellectual property management software, which will help the company manage and protect its IP efficiently. Nissan will also be able to use the company’s advanced workflow automation technology and its leading data analytics tools.

That said, Wall Street also maintains a positive outlook on this penny stock, with analysts’ 12 month price target suggesting more than 23.9% upside from the current level. However, recently, on December 17, Morgan Stanley analyst Tony Kaplan downgraded the stock from Hold to Sell and lowered the price target from $5 to $3.

The analyst noted that one of the main reasons behind the conservative rating is the flat to low-single-digit growth expectation for the information services company. The firm also noted significant headwinds from funding pressures for pharmaceutical, academic, and government sectors, which are expected to hamper Clarivate Plc’s (NYSE:CLVT) recovery. Moreover, according to Morgan Stanley, the market also remains competitive with AI improving competitors’ ability to ingest more data, potentially taking the company’s market share.

Clarivate Plc (NYSE:CLVT) is a United Kingdom-based information services provider operating through three segments: Academia & Government, Life Sciences & Healthcare, and Intellectual Property. Incorporated in 1864, the company serves universities, government agencies, and other professional services organizations.

While we acknowledge the potential of CLVT 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 CLVT and that has 100x upside potential, check out our report about this cheapest AI stock.

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