C3.ai (NYSE: AI) and Bigbear.ai (NYSE: BBAI) are two AI stocks that have experienced a significant drop in their stock prices recently. However, according to Wall Street analysts, both companies have the potential to soar by over 40% in the near future.
C3.ai saw a 25% decline in its stock price in 2024, following a strong rally in 2023. The company provides AI services to businesses, aiming to improve their efficiency and productivity. Although C3.ai’s revenue growth has been modest compared to other players in the industry, the company remains optimistic about its future prospects. Analysts have set a price target for C3.ai that suggests a possible 40% upside from its current price.
Bigbear.ai, on the other hand, experienced a significant rise in its stock price in 2023, followed by a 26% decline this year. The company focuses on various AI opportunities, including supply chain management and national security. Despite its promising outlook, Bigbear.ai has struggled to deliver substantial growth in its revenue. However, with the recent acquisition of Pangiam Intermediate Holdings, the company aims to enhance its offerings in vision AI.
Both companies have the potential to deliver strong returns for investors, provided they can accelerate their revenue growth and improve their bottom line. While there are risks involved due to their lackluster performance so far, investors may want to keep an eye on these AI stocks for potential opportunities in the future.
