Investors piled into the stock of C3.ai (NYSE: AI) following some brighter news. The company reported in its report for the third quarter of fiscal 2024 (ended Jan. 31) that it closed 50 new agreements and said that it expected higher revenue for the fiscal year.

But does that make the stock a buy? Financial struggles and concerns about key clients have often weighed on investors' minds, and they may wonder whether improvements address those concerns. Thus, investors need to look at C3.ai with a discerning eye to see if it can justify its higher stock price.

C3.ai specializes in enterprise AI. Such software packages are designed to meet the needs of clients in a variety of applications.

Continue reading

Source Fool.com