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hey everyone it's Julie here with tip ranks and today we're taking a look at two recent stock picks from a top Tech analyst so let's get into it all right guys welcome back thank you all so much for being here and TGI Friday today we're taking a look at the recent stock coverage of wed Bush analyst Daniel IES the four and a half star analyst is wellknown on Wall Street for his coverage of the tech sector and just yesterday initiated coverage on two Aid driven stocks that he is feeling bullish on so we're going to take a look at these two companies what it is that they do and what he and other analysts are predicting for the stocks future just before we get into these companies this is a friendly reminder that if you enjoy today's video make sure you hit that thumbs up button and that you're subscrib to the channel you can download the tip ranks mobile app by following the links in the description down below to see all of Dan's latest stock coverage there as well now let's jump right into these two Aid driven stocks first up we're taking a look at one stream Incorporated Trading under the ticker OS they're currently priced at $295 and are fairly new to the public markets they had their IO back in July and in the last 6 months have climbed about 11% though they have fallen over the last three one stream is an Enterprise software firm that has been serving the finance industry since 2012 they deliver a unified AI enabled and extensible software platform called the digital Finance Cloud that modernizes and increases the Strategic impact of the office of the CFO their platform UniFi I core financial and broader operational data and processes within a single platform with solutions that maintain the Integrity of corporate reporting standards for finance while providing operationally significant insights for business users with embedded applied Ai and machine learning Technologies built specifically for finance their platform automates and streamlines workflows accelerates analysis and improves forecast accuracy equipping the office of the CFO to report on predict and guide business performance the company raised 400 $90 million with their IP back in July and have shared two reports since as a publicly traded company with their third quarter report coming out on November 7th they reported earnings per share of 8 cents and revenue came in at 129.
million growing 21% year-over-year and beating estimates by over $5 million management said that they posted strong third quarter results led by 39% year-over-year growth in subscription revenue and positive free cash flow saying that the market is right for what we do the company did see a slight de deine in their license revenue and an increase in their non-gaap operating expenses but did have free cash flow of $60 million and added 52 new customers during the quarter bringing their total to over 1,500 looking forward for the full year they expect total revenue between 127 million to 129 million and just yesterday wed Bush analyst Dan IES initiated coverage on one stream with a buy he noted that one stream is an Enterprise Finance Management platform that unifies finance and operational data with artificial intelligence to create an operating system for modern Finance so Enterprises can make better decisions they said that with over 1,500 customers the company is doing well to execute on its vision of providing a nextg financial operating system and they believe one stream is well positioned to deliver Advanced AI Solutions at Enterprise scale and help CFOs improve business performance within the last 3 months there are 10 analyst with current ratings on the one stream stock and it does come in as a strong buy with nine buy ratings and one home old and analysts average price target of $37 would imply an upside potential of over 25% looking at those ratings down below Dan is our most recent one here at $40 with an upside of over 33% on the low end we have a couple at $35 which would be an upside of about 177% and Dan is actually our highend price Target there and the second stock recently picking up a rating from Dan is called in AATA isogen inoata trades under the ticker inod and is currently priced at $43.30 per share and they really took off this fall jumping up here at the start of November in the last 6 months they've gained 225% and 181% in the last 3 months inoata started as an IT services company back in the 80s but has since transformed itself to be a key player in the AI industry today they build themselves as a data engineering firm dedicated creating Advanced solutions for data analytics and management their business strategy hinges on the belief that AI particularly generative AI will empower customers to extract greater value from their it and data management operations they work with generative and applied AI Tech using them to develop an advanced data annotation platform they describe it as a no code training solution for AI that backs up a platform capable of delivering better Data Insights for better customer experiences they've created an AI data Marketplace a resource designed to offer data at scale to train and build the next generation of advanced AI systems they also shared their third quarter earning support back on November 7th where they came out with record revenue and growth and an earnings beat they reported Q3 earnings per share of 51 cents beating analyst Expectations by 38 cents per share while Revenue climbed 136% year year to 52.2 million beating by over $16 million as a result of their strong business momentum they said they were raising their 2024 full year Revenue guidance to be between 88 and 92% year-over-year Revenue growth on top of that record breaking revenue and growth other High of the quarter included them generating $30.6 million of revenue from a single big Tech customer and they are optimistic about continued growth with this customer and other big Tech names and this is another stock that just yesterday we had analyst Dan IES initiate coverage on with a buy he said that we believe inad dat's expertise in data annotation and AI over its Decades of experience will leave the company to be a leader in this developing space they are currently the technology partner of choice for data quality scale and Agility with five of the the Magnificent 7 under contracts and two more deals expected later this year addressing the generative AI IT services total addressable Market they're actively competing in what we believe will be a $200 billion Tam by 2029 with a veteran leadership team and over 35 years of experience we believe they have the potential to become a leader in this AI IT services sector an AATA has four current analyst ratings all giving it a buy and the average price Target is $46 though I don't think that's including yesterday's price Target quite yet our lowend price Target is $40 from back in November it's already surpassed that price Target so that's now a downside of nearly 8% while our highend price Target is $54 for an upside of over 24 while Dan's price target of $48 from yesterday would be an upside of over 10% so that is a quick look at two strong bu Aid driven stocks recently picking up buy ratings from web Bush's Dan IES let me know your thoughts on these companies in the comments down below and what other stocks Dan covers that you have your eye on lately I always appreciate hearing from you guys please keep in mind these videos are never a suggestion to buy or sell any specific stock just sharing what those Wall Street analysts are looking at so please make sure you always do your own research and due diligence thank you guys so much for watching have a great weekend and I'll see you back here next time
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