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C3.ai: Stalled For Now, But AI Pipeline Building (Rating Upgrade)

Update - Dec. 19, 2023

C3.ai appears set for another breakout. The stock gets expensive really quick. 

Finviz Chart

 Original article posted on Dec. 7

  • C3.ai, Inc. announces quarterly results that miss consensus estimates, marking three consecutive quarters without growth.
  • The enterprise AI software company is focused on building its pipeline and increasing customer engagements, but the market remains skeptical due to the shift in its business model.
  • C3.ai stock is inching towards the buy range at 8x EV/S targets.
After the close, C3.ai, Inc. (NYSE:AI) announced quarterly results that missed consensus estimates. The AI enterprise software company hasn't reported growth in the last 3 quarters after shifting the business model towards consumption. My investment thesis is more Neutral on the stock with the additional dip in after-hours trading and the building momentum in the pipeline.

Read the full article on Seeking Alpha. 

Disclosure: No position. Please review the disclaimer page for more details. 


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