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Perion Network (PERI): AI Advancements and Strategic Acquisitions Position the Adtech Firm for Parabolic Growth
Ticker: PERI | Price: $23 | Timeframe: 24 months | Source: The Motley Fool 🤖 AI & AdTech | 🚀 AI Ascendancy | 📈 Bullish idea
Kristoffer Lindström
February 19, 2024
STOCK IDEA - Perion Network
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Perion Network (PERI): AI Advancements and Strategic Acquisitions Position the Adtech Firm for Parabolic Growth
Perion Network (PERI), a pioneering adtech firm, is poised for substantial growth due to its advancements in AI and strategic acquisitions. Despite a recent drop in stock value following Q4 earnings, the company's focus on AI, including the successful launch of its generative AI audio advertising program WAVE and the acquisition of Hivestack, positions it well for future success. With a projected revenue growth of 10% for 2024 and a valuation significantly below its peers at a P/E ratio of less than 11, Perion represents an undervalued opportunity. Investors are encouraged to consider Perion, especially now, as it gears up to introduce new products and features, leveraging its AI technology to dominate the adtech space.
Ticker: PERI | Price: $23 | Timeframe: 24 months | Source: The Motley Fool
🤖 AI & AdTech | 🚀 AI Ascendancy | 📈 Bullish idea
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