C3.ai (NYSE:AI) Stock, Quote.Headers.trade-ideas

C3.ai

C3.ai Inc is an enterprise artificial intelligence company. The company provides software-as-a-service applications that enable customers to rapidly develop, deploy, and operate large-scale Enterprise AI applications across any infrastructure. It provides solutions under three divisions namely, The C3 AI Platform, which is an end-to-end application development and runtime environment for designing, developing, and deploy AI applications: C3 AI Applications, which is a portfolio of pre-built, extensible, industry-specific, and application-specific Enterprise AI applications: and C3 Generative AI, which combines the utility of large language models. Geographically the company derives revenue from North America, Europe, the Middle East and Africa, Asia Pacific, and the Rest of World.

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C3.ai, Inc. shares are moving Monday. The company introduced its C3 Generative AI for Government Programs application before the opening bell. Here&#39;s a look at what&#39;s going on:

What&#39;s Going On With C3.ai Stock?

C3.ai stock

Technicals

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Trading Ideas

C3.ai draws investors. Despite a decline, a Golden Cross and positive technical indicators point to a strong bullish trend.

Golden Cross Alert: C3.ai Stock Shines With Strong Bullish Signals

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C3 AI Achieves AWS Generative AI Competency, Offering Secure And Efficient Enterprise AI Solutions

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<p><strong>C3.ai, Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>) shares are moving Monday. The company introduced its <strong>C3 Generative AI for Government Programs </strong>application<strong> </strong><a href="https://www.benzinga.com/pressreleases/24/07/b39771436/c3-ai-launches-c3-generative-ai-for-government-programs-application-with-google-cloud">before the opening bell</a>.</p>
<p><strong>The Details:</strong></p>
<p>C3.ai said the new application uses generative AI to help federal, state, and local governments deliver information to the public about government programs by streamlining access and comprehension of complex government programs and processes. The company said C3 Generative AI for Government Programs runs on Google Cloud and can withstand large inquiry volumes.</p>
<p><strong>Read Next:</strong><a href="https://www.benzinga.com/news/24/07/39751635/whats-going-on-with-rivian-automotive-stock"><strong> What&#8217;s Going On With Rivian Automotive Stock?</strong></a></p>
<p>"Understanding and accessing vital services and benefits programs can be an overwhelming process for many, and C3 Generative AI for Government Programs provides an easy way to get clear and quick answers to questions about the intricacies of these services,&#8221; said<strong> Thomas M. Siebel</strong>, CEO of C3.ai.</p>
<p>&#8220;Government programs and services make the most impact when those who need them can smoothly use them. This product offers an intuitive, intelligent interface that provides trustworthy information about programs like the Affordable Care Act, alleviating staff workload, accelerating information gathering, and transforming how the public can learn about and use critical services."</p>
<p>C3.ai is frequently one of the top trending stocks on WallStreetBets, though it has lagged behind other stocks in the AI sector. According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, C3.ai shares are trading above the stock&#8217;s 50-day moving average of $27.49 and 27.4% of available shares are being sold short.</p>
<h2 class="wp-block-heading">AI Stock Prediction 2024: </h2>
<p>Equity research can be a valuable source of information for learning about a company's fundamentals. Analysts create financial models based on the fundamentals and expected future earnings of a company to arrive at a price target and recommendation for the stock.</p>
<p>Shares of C3.ai have an average 1-year price target of $30.50, representing an expected upside of 2.76%.</p>
<p>Because of differences in assumptions, analysts can arrive at very different price targets and recommendations. 1 analyst has a bearish recommendation on C3.ai, while 1 analyst has a bullish rating. The street high price target from Wedbush is $40 while the street low from Morgan Stanley is $23.</p>
<p><strong>AI Price Action:</strong> According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, C3.ai shares are up 1.58% at $30.15 at the time of publication Monday.</p>
<p><strong>Read Also:</strong></p>
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<li><a href="https://www.benzinga.com/news/24/07/39751345/whats-going-on-with-meta-platforms-stock"><strong>What&#8217;s Going On With Meta Platforms Stock?</strong></a></li>
</ul>
<p><em>Image: Shutterstock</em></p>


What's Going On With C3.ai Stock?

<p>Aims To Enhance Public Access And Navigation Of Government Services With AI; Application To Streamline Information On Healthcare, Employment, Financial Assistance, And More For Hundreds Of Millions Of Citizens And Residents</p>


C3 AI Announces C3 Generative AI For Government Programs

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<p>&nbsp;</p>


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<p>Deep-pocketed investors have adopted a bullish approach towards C3.ai (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in AI usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for C3.ai. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 62% leaning bullish and 37% bearish. Among these notable options, 3 are puts, totaling $167,716, and 5 are calls, amounting to $246,100.</p>
<h3>What's The Price Target?</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $50.0 for C3.ai over the recent three months. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in C3.ai's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to C3.ai's substantial trades, within a strike price spectrum from $30.0 to $50.0 over the preceding 30 days.</p>
<h3>C3.ai Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1720730857_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>AI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$1.35</td>
<td>$1.33</td>
<td>$1.34</td>
<td>$30.00</td>
<td>$106.2K</td>
<td>6.7K</td>
<td style="text-align: right;">58</td>
</tr>
<tr>
<td>AI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$4.7</td>
<td>$4.4</td>
<td>$4.6</td>
<td>$32.50</td>
<td>$91.9K</td>
<td>1.9K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>AI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$2.91</td>
<td>$2.9</td>
<td>$2.9</td>
<td>$37.50</td>
<td>$58.0K</td>
<td>954</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>AI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$0.98</td>
<td>$0.78</td>
<td>$0.89</td>
<td>$31.00</td>
<td>$43.0K</td>
<td>1.2K</td>
<td style="text-align: right;">33</td>
</tr>
<tr>
<td>AI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$21.95</td>
<td>$21.55</td>
<td>$21.95</td>
<td>$50.00</td>
<td>$30.7K</td>
<td>14</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
</p>
<h3>About C3.ai</h3>
<p>C3.ai Inc is an enterprise artificial intelligence company. The company provides software-as-a-service applications that enable customers to rapidly develop, deploy, and operate large-scale Enterprise AI applications across any infrastructure. It provides solutions under three divisions namely, The C3 AI Platform, which is an end-to-end application development and runtime environment for designing, developing, and deploy AI applications: C3 AI Applications, which is a portfolio of pre-built, extensible, industry-specific, and application-specific Enterprise AI applications: and C3 Generative AI, which combines the utility of large language models. Geographically the company derives revenue from North America, Europe, the Middle East and Africa, Asia Pacific, and the Rest of World.</p>
<h3>Where Is C3.ai Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 4,209,344, the AI's price is down by -0.53%, now at $29.8. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 55 days.</li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for C3.ai, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Options

Spotlight on C3.ai: Analyzing the Surge in Options Activity

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<p>&nbsp;</p>


Top 10 Trending Stocks On WallStreetBets As Of July 11 2024 (Via Swaggy Stocks)

<p><strong>C3.ai, Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>), the enterprise <a href="https://www.benzinga.com/topic/artificial-intelligence">artificial intelligence</a> software company, is drawing investor attention as its stock makes <a href="https://www.benzinga.com/topic/golden-cross">a <strong>Golden Cross</strong></a>. </p>
<p>The company&#8217;s AI platform, used for designing, developing, and deploying enterprise AI applications, is now reflected in its stock performance.</p>
<p>Over the past year, AI stock has faced a decline of 27.35%, but it has seen a modest year-to-date gain of 3.24%. Despite this rocky road, the recent technical indicators paint a strongly bullish picture.</p>
<p><figure class="wp-block-image size-full"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="632" height="457" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/10122204/Screenshot-2024-07-10-at-9.51.12-PM.png" alt="" class="wp-image-429151" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/10122204/Screenshot-2024-07-10-at-9.51.12-PM.png 632w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/10122204/Screenshot-2024-07-10-at-9.51.12-PM-300x217.png 300w" sizes="(max-width: 632px) 100vw, 632px" /></a></figure></p>
<p><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071024&amp;t=be2bearmibe3na1"><em>Chart created using Benzinga Pro</em></a></p>
<h3 class="wp-block-heading"><strong>C3.ai Stock&#8217;s Strong Bullish Trend</strong></h3>
<p>C3.ai&#8217;s share price of $29.64 is currently above its 5, 20, and 50-day exponential moving averages, signaling a robust bullish trend with slight buying pressure. </p>
<p>Specifically, the 8-day simple moving average (SMA) of $29.14, the 20-day SMA of $28.98, and the 50-day SMA of $27.21 all align to indicate a bullish signal.</p>
<p><figure class="wp-block-image size-full"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="632" height="457" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/10122217/Screenshot-2024-07-10-at-9.51.23-PM.png" alt="" class="wp-image-429152" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/10122217/Screenshot-2024-07-10-at-9.51.23-PM.png 632w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/10122217/Screenshot-2024-07-10-at-9.51.23-PM-300x217.png 300w" sizes="(max-width: 632px) 100vw, 632px" /></a></figure></p>
<p><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071024&amp;t=be2bearmibe3na1"><em>Chart created using Benzinga Pro</em></a></p>
<p><strong>Read Also: <a href="https://www.benzinga.com/news/24/07/39712459/alibaba-leverages-ai-to-boost-global-e-commerce-growth-report">Alibaba Leverages AI To Boost Global E-Commerce Growth: Report</a></strong></p>
<h3 class="wp-block-heading"><strong>Golden Cross Formation Confirms Bullish Trend</strong> For C3.ai Stock</h3>
<p>The 200-day SMA, sitting at $27.08, reinforces this positive outlook, showing that the stock price is well above long-term averages. The 50-day SMA at $27.21 has crossed over the 200-day SMA, forming the Golden Cross.</p>
<p><figure class="wp-block-image size-full"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="632" height="457" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/10122229/Screenshot-2024-07-10-at-9.51.37-PM.png" alt="" class="wp-image-429153" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/10122229/Screenshot-2024-07-10-at-9.51.37-PM.png 632w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/10122229/Screenshot-2024-07-10-at-9.51.37-PM-300x217.png 300w" sizes="(max-width: 632px) 100vw, 632px" /></a></figure></p>
<p><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071024&amp;t=be2bearmibe3na1"><em>Chart created using Benzinga Pro</em></a></p>
<p>The Moving Average Convergence Divergence (MACD) indicator stands at 0.50, further suggesting a bullish momentum.</p>
<p>The Relative Strength Index (RSI) at 57.54 suggests that while the stock is nearing overbought territory, it still maintains upward potential. Bollinger Bands (25) at $26.77 to $31.72 supports the bullish sentiment, indicating the stock is trading within a bullish range.</p>
<p>Investors are closely watching C3.ai as these technical indicators align, suggesting the potential for continued growth and a strong bullish trend following the Golden Cross breakout.</p>
<p><strong>Read Next: </strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/news/24/06/39254434/where-will-the-ai-revolution-strike-next-what-new-data-reveals-about-companies-that-benefit-from-ai">Where Will The AI Revolution Strike Next? What New Data Reveals About Companies That Benefit From AI</a></strong></li>
</ul>
<p><em>Image: Shutterstock</em></p>


<ul>
<li>NVDA</li>
<li>TSLA</li>
<li>AAPL</li>
<li>INTC</li>
<li>AI</li>
<li>WAY</li>
<li>TSM</li>
<li>AMD</li>
<li>QQQ</li>
<li>AMZN</li>
</ul>
<p>Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a></p>
<p>&nbsp;</p>


INTC

Top 10 Trending Stocks On WallStreetBets As Of July 10 2024 (Via Swaggy Stocks)

<ul>
<li>NVDA</li>
<li>INTC</li>
<li>TSLA</li>
<li>AI</li>
<li>QQQ</li>
<li>WAY</li>
<li>AMD</li>
<li>LOT</li>
<li>AAPL</li>
<li>AMZN</li>
</ul>
<p>Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a></p>
<p>&nbsp;</p>


Top 10 Trending Stocks On WallStreetBets As Of July 9 2024 (Via Swaggy Stocks)

<ul>
<li>NVDA</li>
<li>TSLA</li>
<li>AAPL</li>
<li>BA</li>
<li>INTC</li>
<li>WAY</li>
<li>TSM</li>
<li>AMZN</li>
<li>AI</li>
<li>PLTR</li>
</ul>
<p>Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a></p>
<p>&nbsp;</p>


PLTR

Top 10 Trending Stocks On WallStreetBets As Of July 8 2024 (Via Swaggy Stocks)

<ul>
<li>TSLA</li>
<li>NVDA</li>
<li>WAY</li>
<li>AI</li>
<li>TLRY</li>
<li>QQQ</li>
<li>AAPL</li>
<li>AVGO</li>
<li>SMCI</li>
<li>AMZN</li>
</ul>
<p>Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a></p>
<p>&nbsp;</p>


AVGO

SMCI

TLRY

TLSA

Top 10 Trending Stocks On WallStreetBets As Of July 3 2024 (Via Swaggy Stocks)

<ul>
<li>TSLA</li>
<li>NVDA</li>
<li>WAY</li>
<li>AI</li>
<li>AAPL</li>
<li>AMD</li>
<li>LOT</li>
<li>AMZN</li>
<li>LLY</li>
<li>SMCI</li>
</ul>
<p>Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a></p>
<p>&nbsp;</p>


Top 10 Trending Stocks On WallStreetBets As Of July 2 2024 (Via Swaggy Stocks)

<ul>
<li>NVDA</li>
<li>TSLA</li>
<li>CHWY</li>
<li>AI</li>
<li>AAPL</li>
<li>WAY</li>
<li>MU</li>
<li>NKE</li>
<li>WOOF</li>
<li>AMZN</li>
</ul>
<p>Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment" title="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a></p>


CHWY

WOOF

Top 10 Trending Stocks On WallStreetBets As Of July 1 2024 (Via Swaggy Stocks)

<ul>
<li>NVDA</li>
<li>NKE</li>
<li>DJT</li>
<li>TSLA</li>
<li>WAY</li>
<li>AI</li>
<li>AAPL</li>
<li>AMZN</li>
<li>MU</li>
<li>QQQ</li>
</ul>
<p>Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a></p>
<p>&nbsp;</p>


Top 10 Trending Stocks On WallStreetBets As Of June 28 2024 (Via Swaggy Stocks)

<ul>
<li>NVDA</li>
<li>MU</li>
<li>TSLA</li>
<li>HIMS</li>
<li>BB</li>
<li>AI</li>
<li>RIVN</li>
<li>AAPL</li>
<li>WAY</li>
<li>WBA</li>
</ul>
<p>Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a></p>
<p>&nbsp;</p>


Hims & Hers Health, Inc. Class A Common Stock

HIMS

RIVN

Top 10 Trending Stocks On WallStreetBets As Of June 27 2024 (Via Swaggy Stocks)

SymphonyAI seeks to go public during second half of 2025: report

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Artificial intelligence might be one of the strongest trades in the market right now, but that doesn&rsquo;t mean that all AI companies are equal. On the contrary, many <a href="https://investorplace.com/industries/technology/artificial-intelligence/">AI stocks</a> are deep in the red this year, with some <a href="https://www.marketwatch.com/story/are-ai-stocks-overvalued-investors-think-so-but-still-expect-tech-outperformance-89fb1d6a">trading near 52-week lows</a> currently.</p>



<p>Most of the worst-performing AI stocks are start-up companies that have made their market debuts since the Covid-19 pandemic struck in 2020 and remain unprofitable. Many of these AI stocks also <a href="https://www.investors.com/news/technology/ai-stocks-artificial-intelligence-trends-and-news/">trade at high multiples</a>, raising concerns about their valuation relative to future earnings forecasts.</p>



<p>For investors with an appetite for risk and a <a href="https://www.investopedia.com/articles/00/082100.asp">long time horizon</a>, the current situation presents an opportunity to buy these beaten down AI stocks on the cheap and eventually ride them to big gains as they recover. Here are three AI stocks to buy at a 52-week low.</p>



<h2>C3.ai (AI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/ai1600d-300x169.jpg" alt="Robot hand touching fingertips with human hand through a screen. represents ai and machine learning stocks"><div>Source: Shutterstock</div></div><p>We&rsquo;ll start with <strong>C3.ai</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/ai-stock-quote/"><strong>AI</strong></a></span>), the company whose ticker symbol is literally &ldquo;AI.&rdquo; After enjoying an initial pop when the AI market took off in 2023, the stock of C3.ai has struggled in recent months.</p>



<p>AI stock is down 22% in the last 12 months and has declined 75% since its initial public offering in September 2020. A <a href="https://www.investing.com/news/company-news/c3ai-stock-reiterates-hold-rating-on-profitability-concerns-93CH-3512444">lack of profitability</a> at the start-up company appears to be the main reason behind the share&rsquo;s slump.</p>



<p>Despite the lack of profits, some <a href="https://www.fool.com/investing/2024/07/08/is-c3ai-a-buy/">good things appear to be happening</a> at C3.ai and now could be a good time to take a position with the stock near its 52-week low. A developer of custom AI software that can optimize supply chains and detect financial fraud, C3.ai has managed to grow its sales for five consecutive quarters.</p>



<p>Also, the company&rsquo;s customer agreements grew 52% year-over-year in its most recent quarter.</p>



<p>If C3.ai can keep growing its revenue, it might not be long before the company turns a profit. </p>



<h2>Snowflake (SNOW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/snow-1600-300x169.png" alt="Snowflake symbol and logo at the company corporate headquarters in Silicon Valley. SNOW stock."><div>Source: Sundry Photography / Shutterstock</div></div><p><strong>Snowflake</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/snow-stock-quote/"><strong>SNOW</strong></a></span>) is another beaten down AI stock, having fallen about 27% this year and 43% since its September 2020 IPO. </p>



<p>However, decent earnings in recent quarters have led analysts to reevaluate SNOW stock. Investment bank <strong>Goldman Sachs </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/gs-stock-quote/"><strong>GS</strong></a></span>) recently added Snowflake to its &ldquo;<a href="https://www.msn.com/en-us/money/markets/snowflake-stock-down-40-is-an-opportunity-to-buy-goldman-sachs-analyst/ar-BB1pdH2a">Americas Conviction List</a>.&rdquo; Goldman made the move as its analysts see a turnaround coming for Snowflake stock, which is also trading near a 52-week low.</p>



<p>A cloud-based data storage and analytics company named after its founders love of winter sports, Snowflake increasingly employs AI technology to enhance its offerings to customers. The company most recently reported <a href="https://www.barrons.com/articles/snowflake-stock-price-buy-sell-e2b79559">EPS of 14 cents </a>on sales of $828.7 million. Analysts had forecast EPS of 18 cents on sales of $787 million. Snowflake&rsquo;s guidance of $807.5 million was also above analysts&rsquo; consensus forecast of $793 million.</p>



<p>While the earnings and guidance from Snowflake have been good, the stock&rsquo;s valuation has become a concern on Wall Street. SNOW stock is currently trading at more than 150 times the EPS the company is expected to achieve in the next 12 months. The company could still make for a strong <a href="https://investorplace.com/2024/07/snowflake-stock-a-sleeping-giant-ready-to-erupt-with-30-gains/">long-term AI investment</a>.</p>



<h2>UiPath (PATH)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/02/path1600-300x169.png" alt="In this photo illustration the UiPath (PATH) logo is displayed on a smartphone."><div>Source: rafapress / Shutterstock.com</div></div><p>For an AI stock that is currently trading right near its 52-week low, we have <strong>UiPath </strong>(NYSE:<a href="https://investorplace.com/stock-quotes/path-stock-quote/"><strong>PATH</strong></a>). The company&rsquo;s share price has nearly been cut in half this year, as the maker of automation software that&rsquo;s infused with AI has announced a string of bad news. That news cycle includes disappointing financial results, a CEO departure and <a href="https://www.cnbc.com/2024/07/09/uipath-layoffs-company-to-cut-10percent-of-workforce.html">cutting 10% of its workforce</a>, all of which has been done under the guise of a broad restructuring.</p>



<p>Most recently, PATH stock dropped 7% on news the company is cutting 420 jobs. The layoffs come as UiPath struggles with decelerating revenue growth following its IPO in 2021. Since its market debut, PATH stock has fallen 83%.</p>



<p>In May of this year, UiPath announced that its CEO Rob Enslin was stepping down and would be replaced by company <a href="https://www.crn.com/news/ai/2024/uipath-ceo-resigns-company-names-former-ceo-chief-innovation-officer-to-top-spot">co-founder Daniel Dines</a>.</p>



<p><em>On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://nam12.safelinks.protection.outlook.com/?url=https%3A%2F%2Finvestorplace.com%2Fcorporate%2Finvestorplace-publishing-guidelines%2F&amp;data=04%7C01%7C%7C5a525d9084ae4cdfb8f008da1edbf06e%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637856227247256778%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&amp;sdata=uLFH3ol2mcVxuJrHYW3xDLVx3qGIvonIwHvcfUa%2Fo24%3D&amp;reserved=0" target="_blank">Publishing Guidelines</a>.</em></p>



<p><em>On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.</em></p>
<div><p>Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/07/3-ai-stocks-to-buy-at-an-all-time-low-in-july-or-52-week-low/">3 AI Stocks to Buy at an All-Time Low in July (or 52-Week Low)</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

3 AI Stocks to Buy at an All-Time Low in July (or 52-Week Low)

Artificial Intelligence (AI) is in the here and now. It's no longer a futuristic concept but a current reality. This decade's rapid advancements ha...

AI Advancements: The Future Is Now in These Five Industries

Cloud providers in AI, data named 'top picks' as earnings approach: Oppenheimer

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Everybody loves artificial intelligence. Okay, this is the Internet so let me clarify: I don&rsquo;t <em>literally</em> mean everybody. But if you grant me the usage of hyperbole, you understand the point. It seems like the business news cycle is talking about digital intelligence nonstop. So, these ideas are overpriced, which brings us to undervalued <a href="https://investorplace.com/industries/technology/artificial-intelligence/">AI stocks</a>.</p>



<p>Again, hyperbole: everybody loves <strong>Nvidia</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/"><strong>NVDA</strong></a>). But we are also currently seeing the consequences of unabashed love for an enterprise. Due to the tech sector rout, NVDA stock finds itself down almost 10% for the business week ending July 19. Given the bag-holding lesson that recent speculators learned, it&rsquo;s appropriate to discuss undervalued AI stocks.</p>



<p>They are out there, contrary to what you might be led to believe. With thousands of publicly traded enterprises available, it&rsquo;s practically a sure bet that some ideas will fall through the cracks. Your job, if you&rsquo;re up to the task, is to speculate on them before the public catches on.</p>



<p>Now, with these seven ideas, I&rsquo;m just going to dive into the hard data. I&rsquo;ll let you look up what they do. And with that, below are undervalued AI stocks to buy.</p>



<h2>Elastic (ESTC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/02/artificial-intelligence-ai-computer-chip-1600-300x169.jpg" alt='AI stocks to Buy, Close-up of letters "AI" written on a computer chip, symbolizing artificial intelligence and AI stocks. ai chip stocks'><div>Source: shutterstock.com/YAKOBCHUK V</div></div><p><strong>Elastic</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/estc-stock-quote/"><strong>ESTC</strong></a>) makes a strong case for undervalued AI stocks to buy thanks to its search-powered platform that allows users to extract insights from large datasets. Per <a href="https://finance.yahoo.com/quote/ESTC/key-statistics/">data</a> from Yahoo Finance, ESTC stock runs a trailing-year sales multiple of 9.18X. Objectively speaking, that&rsquo;s quite high for an application software company. And to be sure, between the first quarter of 2023 and Q1 2024, the average multiple sat at 7.23X.</p>



<p>So, why bother considering Elastic as one of the undervalued AI stocks? First, there is a case to be made that the technical performance may be a &ldquo;bargain.&rdquo; Since the start of the year, ESTC stock has gained only 5%. Over the trailing five years, it&rsquo;s up only a bit over 13%. With the 52-week performance up more than 72%, ESTC offers potential. It just needs to find it.</p>



<p>From a financial projection point of view, covering experts anticipate that the company will post a top-line print of $1.48 billion. That&rsquo;s up 16.6% from the prior year&rsquo;s haul of $1.27 billion. Further, the high-side estimate calls for $1.51 billion. Next year, sales could rise again to $1.73 billion. With such momentum, ESTC may have more room to run.</p>



<h2>Teradata (TDC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/09/tdc-stock-1-300x169.jpg" alt="mobile phone screen displaying teradata (TDC) logo, representing cheap stocks to buy"><div>Source: IgorGolovniov / Shutterstock.com</div></div><p><strong>Teradata</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/tdc-stock-quote/"><strong>TDC</strong></a>) makes its case for inclusion among undervalued AI stocks thanks to its data warehousing solutions and analytics services. Leveraging AI and machine learning, it can improve efficiencies for its enterprise-level clients. Currently, the company runs a trailing-year sales multiple of 1.72X. That&rsquo;s significantly below the past year&rsquo;s multiple of 2.54X.</p>



<p>Another interesting point is that TDC stock trades for 14.16X forward earnings. This too is below the prior year&rsquo;s average multiple of 20.53X. Even more attractive, the company has been steadily matching or exceeding bottom-line quarterly targets. In the past year since Q1 2024, Teradata posted earnings per share of 51 cents, above the consensus view of 48 cents.</p>



<p>For fiscal 2024, analysts are looking for EPS of $2.20. That&rsquo;s 6.28% above last year&rsquo;s print of $2.07. Moreover, Teradata may post revenue of $1.81 billion. Although that would be a decline of 1.3%, the high-side estimate calls for $1.84 billion. Further, sales could improve to $1.88 billion by the following year.</p>



<p>The risk is that TDC stock fell more than 29% on a year-to-date basis. Still, this could provide speculators with a possibly attractive entry point.</p>



<h2>HubSpot (HUBS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/hubs1600-300x169.jpg" alt="Hubspot (HUBS) logo displayed on a mobile phone"><div>Source: rafapress / Shutterstock.com</div></div><p><strong>HubSpot</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/hubs-stock-quote/"><strong>HUBS</strong></a>) is an intriguing player in the customer relationship management (or CRM) ecosystem. The company integrates digital intelligence into its platform for services such as marketing optimization and predictive lead scoring. Right now, HUBS stock trades at a sales multiple of 10.58X. While quite high objectively, in the past year, the metric stood at 13.35X.</p>



<p>Put another way, HubSpot could grow into its prior valuation. It must be said that such a speculative move will encounter friction. After all, HUBS stock lost more than 12% of equity value on a YTD basis. It&rsquo;s also down more than 11% in the past 52 weeks. Still, opportunity could exist for a relevant CRM player, if one is bold enough to take a shot.</p>



<p>In the past four quarters, HubSpot posted an average EPS of $1.59. This easily beat out the consensus view of $1.31. Looking to year&rsquo;s end, analysts project EPS to hit $7.34, up 24.62% from the prior year. Also, revenue could rise to $2.56 billion. If so, that would represent a lift of 17.9%. In the following year, sales could swing up to $3.02 billion, up 18.1%. Therefore, it deserves consideration for undervalued AI stocks.</p>



<h2>Blackline (BL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/02/ai-artificial-intelligence-pen-chart-1600-300x169.jpg" alt='Hand with pen marking holographic chart with the word "AI". Artificial Intelligence'><div>Source: shutterstock.com/everything possible</div></div><p><strong>Blackline</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/bl-stock-quote/"><strong>BL</strong></a>) provides cloud-based solutions for automating and managing certain financial processes. While AI might not take over white-collar jobs completely, they can help conduct the &ldquo;grunt&rdquo; work of monotonous protocols. Thus, BL could fundamentally be a candidate for undervalued AI stocks.</p>



<p>On a financial level, BL stock trades at 5.78X trailing-year sales. In contrast, over the past year, the metric averaged 7.1X. Just recently throughout Q1 of this year, the price-to-sales multiple hit on average 7.89X. Therefore, Blackline may potentially grow into its prior valuation.</p>



<p>Another aspect to consider is consistent financial performances. In the past four quarters, Blackline posted an EPS of 54 cents. This beat out the consensus view of 42 cents, yielding an earnings surprise of nearly 32%.</p>



<p>Looking out to year&rsquo;s end, EPS may rise 11.22% to $2.18. On the top line, sales could land at just over $646 million. If so, that would imply a growth rate of 9.5%. In fiscal 2025, sales could rise another 9.8% to $709.24 million. These projections show the roadmap for Blackline rising to its prior revenue multiple.</p>



<h2>Veritone (VERI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/02/ai-artificial-intelligence-touch-1600-300x169.jpg" alt='Illustration of hand pointing finger about to touch virtual "AI" graphic. AI Stocks'><div>Source: shutterstock.com/Den Rise</div></div><p><strong>Veritone</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/veri-stock-quote/"><strong>VERI</strong></a>) is one of the higher-risk ideas among undervalued AI stocks. Fundamentally, the company develops software to convert data in various formats &ndash; such as audio and video &ndash; into actionable insights. It uses an advanced algorithm to make sense of what&rsquo;s known as unstructured data.</p>



<p>Given the important of the underlying business, VERI stock has been successful in the market: it&rsquo;s up nearly 49% YTD. However, even with this blistering performance, shares trade hands for only 0.78X revenue. What&rsquo;s more, in the past year, the PS ratio stood at 1.01X. At one point in Q1, the metric was flying high at 1.52X.</p>



<p>That gives confidence that eventually, Veritone may rise to its prior valuation. Interestingly, analysts believe that fiscal 2024 loss per share may land at 35 cents. That would be a big improvement over last year&rsquo;s loss of $1.01.</p>



<p>On the top line, sales may hit $137.9 million. If so, that would imply a growth rate of 8.1%. Further, sales may march up to $141.3 million in the following year. It&rsquo;s an overlooked idea for undervalued AI stocks.</p>



<h2>C3.ai (AI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/02/c3ai-ai-stock-1600-300x169.jpg" alt="C3.ai (AI) logo on a smartphone with computer screen showing graph in background, symbolizing AI stock"><div>Source: shutterstock.com/Below the Sky</div></div><p><strong>C3.ai</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/ai-stock-quote/"><strong>AI</strong></a>) provides turnkey enterprise-level solutions that help businesses deploy large-scale AI applications. The underlying platform integrates multiple advanced innovations, including machine learning, deep learning and natural language processing. Although the company has inked deals with major entities, the market isn&rsquo;t giving AI stock the time of day.</p>



<p>Since the start of the year, shares have dipped a little more than 3%. That&rsquo;s hardly an encouraging profile. However, for speculative investors, AI stock just might spell opportunity. Right now, the equity trades hands at 10.7X. That&rsquo;s high. However, it&rsquo;s a modest premium to the prior year&rsquo;s multiple of 10.67X.</p>



<p>Now, that might not sound like an exciting statement but here&rsquo;s the main catalyst. By the end of the calendar year (fiscal 2025), sales may hit $383.39 million. That would be up 23.4% from last year&rsquo;s tally of $310.58 million. By the following year, sales could rise to $467.14 million, up 21.8%.</p>



<p>What&rsquo;s more, the high-side estimate calls for $540.9 million. With a little bit of patience, investors may be rewarded. That&rsquo;s why it deserves consideration for undervalued AI stocks to buy.</p>



<h2>Upstart (UPST)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/05/upst1600-300x169.png" alt="Person holding smartphone with logo of U.S. fintech company Upstart Network Inc. (UPST) on screen in front of website. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div><p><strong>Upstart</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/upst-stock-quote/"><strong>UPST</strong></a>) is a financial technology (fintech) specialist. It leverages digital intelligence to evaluate and provide loans. This initiative enables the enterprise to improve social equity through credit access. At the same time, the platform provides an objective assessment for reducing lending risk. It&rsquo;s a case of AI doing good for humanity instead of replacing it.</p>



<p>What does the market think? So far, nothing good. UPST stock is down more than 28% YTD. That&rsquo;s not great for confidence. At the same time, it could be an opportunity for investors to get in on the cheap. Currently, shares trade hands at 4.43X trailing-year revenue. That&rsquo;s a modest premium to the prior year&rsquo;s multiple of 4.32X.</p>



<p>To be fair, Upstart isn&rsquo;t consistently profitable, which makes the company speculative. And to be sure, analysts expect rough waters in fiscal 2024, with revenue dipping 4% to $537.8 million. However, they also see fiscal 2025 as a massive year, with sales rising to $699.5 million.</p>



<p>That&rsquo;s up 30.1% from projected 2024 sales. And relatively speaking, it would make UPST one of the undervalued AI stocks to consider.</p>



<p><em>On the date of publication, Josh Enomoto</em><em> did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;</em><em>The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em><em></em></p>
<div><p>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/07/7-undervalued-ai-stocks-that-you-need-to-watch-right-now/">7 Undervalued AI Stocks That You Need to Watch Right Now</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

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