3 Canadian AI Stocks With Up To 85% Discount To Fair Value

Central banks are tightening policy to cool inflation, and that pulls capital toward safer bonds. Yet AI keeps drawing global investment attention, as governments like the US and India talk about trade deals that could support artificial intelligence leadership. That mix of caution and excitement can leave some Canadian AI stocks mispriced. This article highlights 3 overlooked Canadian AI players that screen as undervalued today.

The three Canadian AI stocks below are just a starting sample, and the full screen surfaced 0 more companies with similarly compelling stories around chips, software, large language models, and cloud infrastructure that are not covered here.

Head straight into the Undervalued Artificial Intelligence/ AI Stocks screener to identify, filter, and analyze the AI plays that best fit your own conviction and risk profile.

Docebo (TSX:DCBO)

Docebo builds cloud-based learning software that leans heavily on AI, using tools like Harmony Search and Creator to power personalized training for corporate and institutional clients. The business generated about US$258.9 million from educational software and currently carries a market value near CA$789 million.

Docebo’s AI toolkit is not a side project. Harmony Search, Insights, Advanced Analytics Pack, and Creator sit inside the core learning platform and are already shaping how large customers design, deliver, and measure training programs.

"Rapid adoption of AI-driven features such as Harmony and Creati is positioning Docebo as an innovation leader. This is enabling enhanced personalization, automation, and productivity for customers, which in turn supports long-term customer retention, upsell opportunities, and gross margin expansion."

What happens to this story if a single pressure on future pricing power and contract terms does not break in Docebo’s favor?

If pricing power is the real swing factor here, read the full narrative for Docebo to see whether contract dynamics and AI adoption are decoupling for Docebo.

Thinkific Labs (TSX:THNC)

Thinkific Labs runs a cloud-based learning commerce platform that blends courses, communities, and AI tools for course creation and personalization. It generates about $74 million from this single segment and carries a market value near $81 million.

Thinkific Labs sits squarely in the AI-enabled learning corner of this screen. The key question is whether its course creators and enterprise clients will use those ChatGPT-style tools enough to change the economics of the whole platform.

"Although the increasing adoption of lifelong learning and upskilling trends worldwide creates a secular tailwind, Thinkific's near-term growth may be hampered by elevated churn among legacy self-serve customers and potential difficulties in fully offsetting this with higher-value Plus customer acquisition, affecting overall ARR and retention rates."

The outcome for Thinkific Labs may depend on what happens if a quiet assumption about how quickly higher-value customers adopt those AI features no longer holds.

That adoption curve is the hinge for Thinkific Labs, and the full narrative for Thinkific Labs explains how churn, Plus momentum, and AI usage could shift from drag to an accelerating tailwind.

NowVertical Group (TSXV:NOW)

NowVertical Group runs a global data analytics and “vertical intelligence” operation, with AI-driven services such as MLOps, predictive recommendations, and its SnowGraph product embedded in its broader offerings. It reports about $38 million from operations overall and has a tiny market cap near CA$15 million.

NowVertical Group taps into the AI/ChatGPT theme through its analytics and intelligence services that use machine learning to support personalization, customer retention, and campaign decisions. The stock trades on a very low P/S for an AI-focused analytics player. As a result, a great deal may depend on how one quiet assumption about future profitability holds up if sentiment shifts again.

If that profitability swing factor has your attention, go straight to the 3 key rewards and 1 important major warning sign to see what the current multiple might be masking.

Seeking Alternatives Before Momentum Flies

Fresh opportunities rarely stay under the radar for long. Breakout stories gain momentum, prices move, and the best entry points get caught by quicker investors. Consider acting while conditions still appear favorable to you.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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