Prediction: 2 AI Stocks That Will Be Worth More Than BigBear.ai 2 Years From Now
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BigBear.ai's (NYSE: BBAI) stock price has rallied about 120% over the past 12 months, but it's still trading nearly 70% below its all-time high from April 2022. The AI software developer bounced back as its revenue growth stabilized and its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) improved.Many of its investors initially fled when its revenue growth flatlined in 2023 as it struggled with macroeconomic headwinds, tough competition, and the bankruptcy of its major customer Virgin Orbit. But under Mandy Long, a former IBM executive who took over as its CEO in late 2022, it stabilized its business by acquiring the AI vision firm Pangiam in an all-stock takeover, securing new government contracts, and trimming its workforce. It also secured more data-sharing deals for its AI analytics modules, which can be directly plugged into an organization's existing software and edge networks.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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