C3.ai: Investor Day Disaster
Updated - July 11, 2023
Investors should use this opportunity to exit C3.ai at the highs on AI hype.
Original article posted on June 28
- C3.ai, Inc. disappointed the market with lack of long-term financial projections at 2023 Investor Day.
- The enterprise AI software company is only forecasting around 15% revenue growth this FY despite all the AI momentum.
- The stock already trades at 12x FY24 revenue targets, suggesting downside risk on C3.ai failing to ramp up growth.
- This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »
As discussed previously, C3.ai, Inc. (NYSE:AI) hasn't delivered on the artificial intelligence, or AI, hype while the stock has soared this year. The enterprise AI software company hosted 2023 Investor Day last week and provided limited financial detail to support the recent AI hype rally. My investment thesis remains Neutral on the stock after the dip back to the low $30s.
Read the full article on Seeking Alpha.
Disclosure: No position mentioned. Please review the disclaimer page for more details.
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