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Is C3 AI stock a good buy?

C3.ai went public in December 2020, but like many high- growth stocks, AI stock has been hit hard. Despite this move, the company has received significant recognition, previously named a leader in Gartner’s (NYSE: IT) Magic Quadrant for IoT Platforms.

How much is C3 AI worth?

Assuming that C3.ai matches analysts' expectations for $376 million in revenue in fiscal 2025, and it's still trading at about five times sales by then, it could be worth about $1.9 billion in three years -- which would represent a gain of nearly 40% from its current price but remain well below its IPO valuation of about $4 billion.

What's happened to C3.ai stock?

The market's most recent bearish turn has now erased the gains that C3.ai stock posted on the heels of Powell's seemingly bullish comments last week. C3.ai is scheduled to report results for the second quarter of its 2023 fiscal year, which ended Oct. 31, after the market closes on Dec. 7.

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