Is It Too Late to Buy C3.ai Stock?
Shares of C3.ai (NYSE: AI) have underperformed the broader stock market in 2024 with just 4% gains so far, but the artificial intelligence (AI) software provider has gained solid momentum since releasing results in late May for its fiscal 2024's fourth quarter (ended April 30). The stock has gained 25% since May 29.
Does this mean it is too late for investors to buy shares of a company that looks well-placed to win from the proliferation of AI? Or is now still a good time to buy this AI stock in anticipation of more upside? Let's find out.
C3.ai's revenue in the recently concluded fiscal year increased 16% from the previous year to almost $311 million. The company's revenue guidance of $370 million to $395 million for fiscal 2025 points toward stronger growth, as the midpoint of that range would translate into a year-over-year jump of 23%.
Source Fool.com
