“C3.ai is one of the hottest software stocks on the market. Now, after dropping about 60%, it’s one of the most undervalued – and still attractive. For one, there’s no shortage of demand for its products,” we noted in late January. “In fact, the company is making money by developing AI solutions and software for companies in several industries, including manufacturing, oil and gas, utilities, financial services, government, healthcare, retail, telecommunications, and transformation. Amazon, for example, partnered with C3.ai to boost cloud services.”
At the time, C3.ai traded around $17 a share. Now, it’s up to $36.41 and could see higher highs. All thanks to an unstoppable AI boom. Better, from a current price of $36.41, we’d like to see the stock rocket to at least $50 before the year is over. Plus, a lot of analysts are bullish, raising price targets, including Piper Sandler, Morgan Stanley, Wedbush, Bank of America, Canaccord, JMP Securities, and even more.
Even better, the artificial intelligence story, fueling the tech rally is far from over. As AI revolutionizes just about every industry out there, it could create a $1.81 trillion opportunity, says Grand View Research. C3.ai could easily go along for the ride.
