2024-03-07 12:48:10 ET
Summary
- Investors in C3.ai, Inc. experienced a post-earnings surge driven by optimism surrounding AI hype and a positive FY25 outlook.
- AI's valuation is still reasonable, suggesting it hasn't reached overhype levels.
- C3.ai's revenue growth and customer engagement metrics show positive performance.
- The market is expected to remain cautious until it can achieve free cash flow profitability.
- Given its reasonable valuation, improving fundamentals, and solid price action, I urge investors to stay invested in C3.ai, Inc. stock.
Investors in enterprise Software as a Service ("SaaS") company C3.ai, Inc. ( AI ) experienced a post-earnings surge , driven by the optimism surrounding AI hype on its business prospects. Notwithstanding its CFO leadership transition, investors were likely pleasantly surprised with C3's optimistic outlook for FY25, as it's confident about meeting free cash flow or FCF profitability....
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C3.ai: Earnings Pop Optimism Should Be Just The Start Of Its Rally