Where Will BigBear.ai Stock Be in 5 Years?
BigBear.ai (NYSE: BBAI) hasn't impressed too many investors since its public debut. The artificial intelligence (AI) software company went public by merging with a special purpose acquisition company (SPAC) on Dec. 7, 2021. Its stock opened at $9.84 on its first day, but it now trades at less than $4.
Like many other SPAC-backed start-ups, BigBear.ai overpromised and underdelivered. In the company's pre-merger presentation, it claimed it would triple annual revenue from $182 million in 2021 to $550 million in 2024. But from 2021 to 2024, its revenue only rose from $146 million to $158 million in 2024, while its net loss more than doubled from $124 million to $257 million.
Those numbers were grim, but could this unloved AI stock still bounce back over the next five years?
Source Fool.com
