Posted 4/5/2024, 10:45:00 AM
C3.ai Stock Volatile But Growth Prospects Look Promising
- C3.ai's stock price has been volatile, with gains and losses in 2024
- The enterprise AI market is predicted to grow rapidly, fueling C3.ai's growth
- C3.ai is signing more deals for its AI software platform as it transitions to a pay-as-you-go model
- Revenue is estimated to grow to $446 million in fiscal 2026, for a 5-year CAGR of 19%
- If valuation expands along with growth, the stock could deliver 48% upside over 5 years