Perion Network Ltd. (PERI) Partners with Albertsons Media Collective to Enhance Targeted Advertising

Perion Network Ltd. (NASDAQ:PERI) is one of the cheap AI stocks to buy right now. On September 25, the company signed a strategic partnership with Albertsons Media Collective to provide advertisers with purchase-based audience data.

Perion Network Ltd. (PERI) Partners with Albertsons Media Collective to Enhance Targeted Advertising

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Advertisers will access audiences through Perion’s display and digital out-of-home advertising formats. The collaboration opens the door for marketers to reach over 100 million verified shoppers across Albertsons’ network of store locations, providing access to first-party data.

“This partnership showcases the power of Perion’s differentiated ad tech to connect premium media, retail intelligence and AI-driven measurement,” said Tal Jacobson, Perion’s CEO. “We’re unlocking new revenue streams by unifying retail data and high-impact media.”

The deal includes incremental sales measurement for digital out-of-home campaigns and closed-loop measuring capabilities for display advertising. The service offering for advertisers will include AI-driven optimizations.

Perion Network Ltd (NASDAQ:PERI) utilizes AI to power its digital advertising and marketing solutions, enhancing personalization, targeting, and campaign optimization across various channels, including web, social, audio, and CTV. Their AI-driven platforms analyze vast datasets to identify optimal moments for delivering personalized ads, improve engagement, and provide efficiency gains for brands and agencies.

While we acknowledge the potential of Perion Network Ltd. (NASDAQ:PERI) as an investment, 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 PERI and that has 100x upside potential, check out our report about the cheapest AI stock.

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