Top 3 Canadian AI Stocks To Watch In September 2026

Fresh concern from the OECD about market confidence in AI company valuations has put a spotlight on where investors may be overpaying and where mispricing could exist. That leaves some Canadian artificial intelligence stocks quietly sitting in the discount bin while attention clusters around the biggest headlines. This article highlights three stocks from an undervalued AI opportunities list that could be worth a closer look for long term portfolios.

The three Canadian AI stocks covered below are only a small sample of the opportunities flagged by this idea, and the full screen surfaced 0 more companies with equally detailed stories that are not included in this article. To see the broader field and focus on the most relevant opportunities for your own watchlist, head straight to the Undervalued Artificial Intelligence/ AI Stocks screener to identify, filter, and analyze potential high conviction AI plays.

Docebo (TSX:DCBO)

Docebo runs a cloud-based learning management system that uses AI tools such as Harmony Search, Advanced Analytics, and learning automation to personalize training, with about $258.9 million coming from educational software and a market value near $812 million.

For investors hunting real-world AI adoption rather than hype, Docebo’s role in automating how large organizations train and upskill staff makes it a direct play on the ChatGPT era of software.

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

What happens to that upside if a single assumption about how customers ultimately pay for this AI layer shifts even slightly?

If that pricing question is front of mind, read the full narrative for Docebo to see how Docebo’s AI engine, contract structure and margins could be decoupling.

Thinkific Labs (TSX:THNC)

Thinkific Labs runs a cloud-based learning commerce platform that lets creators and businesses sell courses and communities, while layering in generative AI tools for content creation and learner personalization across about $74 million in platform revenue and a market value near $84 million.

Thinkific Labs plugs directly into the AI learning theme, since its platform uses generative tools to speed up course creation and tailor learning journeys, which matters for creators trying to keep pace with the ChatGPT era of content.

Deep integration of artificial intelligence into both customer-facing features and internal operations is accelerating product development and enabling personalized, data-driven learning experiences, supporting product differentiation and enhancing customer retention, which is positive for recurring revenue and net margins.

What those economics look like a few years from now depends heavily on how one underappreciated pressure shapes future pricing power and course demand.

That pressure is exactly what the full full narrative for Thinkific Labs unpacks, showing how Thinkific Labs could convert AI-fueled course creation into durable pricing power and stickier creator economics.

NowVertical Group (TSXV:NOW)

NowVertical Group is a Toronto based big data and analytics specialist that helps enterprises run AI powered marketing, customer insight, and MLOps projects. Its $38 million in operations is driven by analytics and intelligence services, and it has a micro cap valuation around CA$12 million.

NowVertical Group is connected to the ChatGPT and AI theme through its analytics, AI, and MLOps tools such as NOW SnowGraph, which support personalization, predictive marketing, and data modernization on cloud platforms. The stock trades at a low P/S multiple and a deep discount to estimated fair value, so the key question is what happens if a single assumption about funding those AI projects shifts.

If that funding question is nagging at you, the analysis report for NowVertical Group breaks down how NowVertical Group’s AI ambitions compare with its valuation and funding runway potential.

Seeking Alternatives Before Momentum Flies

Fresh ideas move fast. Stocks shift from quiet to flying once attention catches up, and pricing power often drops as momentum crowds in. Scan these themes before the crowd and act now.

• Spot potential breakouts in high quality businesses before momentum headlines catch them by scanning the curated 9 high quality undiscovered gems while they are still under the radar for now.
• Track cash rich operators that may hold up when sentiment swings by reviewing the hand picked list of solid balance sheet and fundamentals (7 results) before current conditions get fully priced in.
• Ride structural demand for electrification and long life assets by checking the focused 17 top copper producer stocks while it still reflects today’s assumptions, not tomorrow’s excitement.

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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