3 Stocks That AI Predicts Will Deliver Triple-Digit Returns in 2023

InvestorPlace2023-06-20

Google’s Bard AI believes these three stocks will deliver triple-digit returns, in line with Wall Street expectations.Bark (BARK): Accelerating sales and narrowing losses will make BARK stock a winner...

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Comments

PP2
2023-06-20
PP2
should be really careful with these claims. Bard is saying differently every other times. Not sure if this is just a publicity stunt or self-fulfilling prophecy.
Slayer888
2023-06-20
Slayer888
Noted 😃

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There are many artificial intelligence models, such as Bard, Bing AI and the massively popular ChatGPT, each with its own advantages and disadvantages. However, one model has consistently outperformed its peers regarding stock picking: Google’s Bard AI. It even beat a human reporter and outperformed the S&P 500 during its test period. Me: Hi Bard, I’m writing an article for InvestorPlace about high-return stocks that can deliver triple-digit returns in 2023. Can you name three stocks that can deliver those returns from their current price range?Bark (BARK)Source: Jonathan Weiss / Shutterstock.comBard: “Bark (NYSE:BARK) is a pet-focused technology company that provides a variety of services, including pet insurance, pet sitting and dog walking. The company has a large and growing customer base, and it is well-positioned to benefit from the growing trend of pet ownership.”Although risky, Bark is an excellent pick as a candidate for high-return stocks due to its valuation. The stock is down more than 92% from its peak in December 2020 and changes hands at a price-to-sales ratio of 0.5, which is very compelling if you consider the potential ahead.Taking the risk here is not bad if you target high ROI. The price action has been flat for the past year, but BARK has built up some momentum recently. The stock is up 32%-plus in the past month but has much upside potential to exploit.The average Wall Street analyst also reflects Bard’s view of BARK stock. According to Wall Street analyst price targets, the average one-year upside potential here is 116%. I agree with the sentiment since Bark’s sales are expected to accelerate through FY 2026 and reach 13.4% growth, while losses are expected to be negligible by that period. According to analysts, EPS growth will also average 43% -plus year-over-year from FY 2024-26.Sea (SE)Source: Postmodern Studio / Shutterstock.comBard: “Sea Limited (NYSE:SE) is a Southeast Asian e-commerce company that operates the Shopee online marketplace, the Garena online gaming platform, and the SeaMoney payments platform. The company is well-positioned to benefit from the continued growth of e-commerce and digital payments in Southeast Asia. Sea Limited is also expanding into new markets, such as India. With the Southeast Asian economy growing rapidly and the demand for digital goods and services increasing, Sea Limited is poised to grow significantly in the years to come.”Sea is another exciting growth pick I’m very optimistic about. Bard has already covered most of its strong suits, and there’s not much else to say. This is a solid investment for the long term. The entry point is very compelling, down 82.6% from its peak, and presents a 61.5% upside potential in one year, according to the average Wall Street analyst.However, according to Gurufocus’ model, SE stock could potentially reach $500 a pop by 2026. That’s an eye-watering 706% return if that does happen. Sales growth will remain above double digits for the foreseeable future, and profits are also on the horizon here. It’s a solid buy, all things considered.Lovesac (LOVE)Source: JHVEPhoto / Shutterstock.comBard: “Lovesac (NASDAQ:LOVE) is a furniture company that sells modular sofas, chairs and other home furnishings. The company has a unique business model that allows customers to customize their furniture, and it has a strong brand presence. Lovesac is also benefiting from the trend of people spending more time at home. With the housing market strong and the economy recovering, Lovesac is well-positioned to grow in the years to come.”Lovesac is another lovely bet if you’re into high-return stocks. Bard’s projections here are in line with Wall Street analysts as well, who believe LOVE stock can deliver a 122% gain in one year if their price targets are reached. The stock is down almost 74% from its peak but has been trading sideways since September. I believe a spike in its price is overdue due to solid sales growth and profitability metrics. Revenue growth is projected to accelerate to 16% by 2026 from its FY 2024 growth of 9.5%. EPS is expected to build on its momentum, with YOY growth climbing from 18.4% in FY24 to almost 60% in 2026.Despite the strong anticipated growth, we are looking at a forward price-to-earnings ratio of just 11.5 times and a short interest of 32.4%. Indeed, this is one of the strongest buys, in my opinion, even with the most pessimistic projections.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":189318570172568,"gmtCreate":1687245877690,"gmtModify":1687247186374,"author":{"id":"4141424935581142","authorId":"4141424935581142","name":"PP2","avatar":"https://community-static.tradeup.com/news/729e8a6820ee266da90ab0aa6bcc9342","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"4141424935581142","authorIdStr":"4141424935581142"},"htmlText":"should be really&nbsp;careful with these claims. Bard is saying differently every other times. Not sure if this is just a publicity stunt or self-fulfilling prophecy.","listText":"should be really&nbsp;careful with these claims. Bard is saying differently every other times. Not sure if this is just a publicity stunt or self-fulfilling prophecy.","text":"should be really careful with these claims. Bard is saying differently every other times. Not sure if this is just a publicity stunt or self-fulfilling prophecy.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189318570172568","repostId":2344496172,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":189205809103000,"gmtCreate":1687218348132,"gmtModify":1687218351285,"author":{"id":"3581584102044175","authorId":"3581584102044175","name":"Slayer888","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581584102044175","authorIdStr":"3581584102044175"},"htmlText":"Noted 😃","listText":"Noted 😃","text":"Noted 😃","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189205809103000","repostId":2344496172,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":51,"commentSize":2,"repostSize":1,"favoriteSize":4,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2344496172"}