1 Top Growth Stock Down 42% to Buy Right Now
The past six months have been terrible for C3.ai (NYSE: AI) investors as shares of the enterprise AI software provider have fallen sharply after a solid start to 2024. The stock price is down 42% since hitting a 52-week high on Feb. 29. The company's latest quarterly results only added to the bearish sentiment around the stock.
C3.ai released fiscal 2025 first-quarter results (for the three months ended July 31) on Sept. 4. Investors pressed the panic button following the company's report even though it reported better-than-expected numbers. What's going on here? More importantly, could this sharp pullback in the company's stock price in recent months be a buying opportunity for investors looking to capitalize on the growing demand for artificial intelligence (AI) software?
C3.ai reported fiscal Q1 revenue of $87.2 million, an increase of 21% from the same quarter last year when its top line increased only 11%. This was the fifth consecutive quarter in which the company's revenue growth accelerated.
Source Fool.com
