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Is It Too Late to Buy C3.ai Stock?

TheMotleyFool

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Is It Too Late to Buy C3.ai Stock?: https://g.foolcdn.com/editorial/images/767792/ai-robots-office.jpg

C3.ai's (NYSE: AI) stock price jumped 25% on Feb. 29 after the enterprise artificial intelligence (AI) software provider posted its latest earnings report. For the third quarter of fiscal 2024, which ended on Jan. 31, the company's revenue rose 18% year over year to $78.4 million and exceeded analysts' expectations by $2.3 million. Its adjusted net loss widened from $6.2 million to $15.9 million, or $0.13 per share, but still beat the consensus forecast by $0.15.

C3.ai's top-line growth accelerated for the fourth consecutive quarter and challenged the bearish notion that its business was headed off a cliff. But is it too late to chase this stock after its post-earnings pop?

Image source: Getty Images.

Source Fool.com

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