QUICK BUY ALERT: DOUBLING DOWN ON AI
C3.ai (AI) is a company with immense potential that's produced decent numbers over the last year. During its Q3 earnings, they revealed that the company had generated nearly $70m in total revenue, coming out to approximately 42% positive growth year-over-year. Admittedly, the company is still losing earnings per share but said losses seem to be lessening with every new quarter; this is a valid financial concern, which has split investors regarding the validity of buying stock in the company. While many analysts find AI to be a good buy, others are awaiting further confirmation to recommend it to retail investors.
We believe in the company's function and growth. When it comes to function, feel free to refer to the article at the top of this page to read our original recommendation, where we detail what the company does. In short, they provide artificial intelligence and automated analysis in the form of affordable software. As for the company's growth, their customer base has quadrupled in the last two years, and they continue to provide for larger names such as Meta, Google, and Upstart. Though the company is yet to be profitable, they're working very hard to grow their user base and progress their product, which is absolutely something we love to see; Roblox has been doing the same thing, and our philosophy there is the same. Furthermore, the company has big backers on Wall Street, with the average price prediction sitting around $56.29. With the recent tech sell-off, we believe this company is a steal at its current price.