Where is Clarivate Plc (CLVT) Headed According to Analysts?

Clarivate Plc (NYSE:CLVT) is one of the best penny stocks to buy according to hedge funds. On September 29, RBC Capital analyst Ashish Sabadra assigned a Hold rating to Clarivate Plc (NYSE:CLVT) and set a price target of $6.00.

However, Wolfe Research initiated coverage of the stock on September 3 with a Peer Perform rating, assigning a $4 to $5 fair value range.

The firm told investors that while Clarivate Plc (NYSE:CLVT) boasts a strong market share with limited competition, it faces risks from sources such as AI disintermediation, tighter university and healthcare budgets, and a relatively high net leverage ratio.

Clarivate Plc (NYSE:CLVT) has an analyst consensus rating of Hold, and the stock’s median price target of $3.68 implies an upside of 35.87% from current levels.

Clarivate Plc (NYSE:CLVT) provides global information, workflow solutions, and analytics. The company operates through the following segments: Academia and Government (A&G), Intellectual Property (IP), and Life Sciences and Healthcare (LS&H).

While we acknowledge the potential of CLVT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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