Stockchase Opinions

Stockchase Discover C3.ai, Inc. AI-N DON'T BUY Jun 06, 2023

Allan Tong’s Discover Picks

In contrast, C3.ai,  trades at an incalculable PE and $-2.20 EPS, even though it has beaten its last four quarters. Long-term looks good. C3 is in the right spot for AI by partnering with a giant. However, shares have gone parabolic in the past month, more than doubling and that makes me nervous. Shares have already pulled back $10 from the May 30 peak of $44.02. Read Top 3 AI Stocks for our full analysis.

$38.190

Stock price when the opinion was issued

Technology
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COMMENT
Artificial Intelligence. Missed a little in last quarter. Didn't fully delineate growth story. Has come down a lot. Compared to Lightspeed where the story is still intact.
PARTIAL SELL

Likes the CEO, but the stock has gone parabolic given the meme-like interest in A.I.

DON'T BUY

Bad guidance and had a weak quarter. Stick with Nvidia.

PARTIAL SELL

Right to take some money off the table, especially with some of these smaller SaaS companies. An AI leader on the SaaS side. With the chart reversal today, you could probably pick it up again around $32-33.

DON'T BUY

Is heavily shorted and unprofitable.

HOLD

Prefers A.I. exposure via Microsoft. 
A.I. will explode, just difficult to predict outcome.
Unsure on prospects for business.

DON'T BUY

Track record of not being predictable. Better and more solid opportunities in AI with a PLTR or an AYX. See his Top Picks.

(Analysts’ price target is $36.50)
DON'T BUY

Though he likes the CEO, he can't endorse any company that doesn't make money.

COMMENT

They report Monday. Has jumped 46% in the past month, including 8% today. It can't keep roaring, but you can't bet against anything AI.