William Blair Maintained a Hold Rating on Clarivate Plc (CLVT)

Clarivate Plc (NYSE:CLVT) is one of the Best Undervalued UK Stocks to Buy According to AnalystsOn July 31, William Blair analyst Andrew Nicholas maintained a Hold rating on Clarivate Plc (NYSE:CLVT) without disclosing any price target.

The analyst noted that the company’s second-quarter results were strong, and the revenue and EPS exceeded expectations. This growth was driven by strong performance in key areas including academia, government, life sciences, and healthcare. However, despite this performance, the stock price dropped after the release, mainly due to a lack of major news on the company’s strategic review, as investors were expecting clearer updates.

William Blair Maintained a Hold Rating on Clarivate Plc (CLVT)

A state-of-the-art computer lab filled with engineers working on new analytics technologies.

Moreover, Nicholas also highlighted some upsides and risks for the company, including a slight increase in recurring revenue and some segments returning to growth. However, Clarivate Plc (NYSE:CLVT) faces risks from academic and government sector budget cuts and less US federal spending.

Clarivate Plc (NYSE:CLVT) provides data, analytics, and workflow solutions to help organizations make informed decisions. It serves sectors like academia, government, intellectual property, and life sciences.

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.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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