Posted 1/8/2024, 11:15:00 AM
C3.ai positioned to capitalize on AI demand despite slowing growth
- C3.ai has a head start on the AI competition and doesn't see a direct competitor for what it does currently
- Demand for C3.ai's applications is increasing, indicating it offers something unique in the market that could drive tremendous growth
- Revenue growth slowed in 2022 but recovered in 2023, with growth expected to accelerate to 19.8% by 2025
- The stock price has pulled back recently, making valuations more attractive at 11x forward price-to-sales
- As a high-risk growth stock, C3.ai is a bet on long-term expansion as more companies explore AI solutions