Airline Stocks Take Flight: What’s Next for the Industry?
The airline industry is poised for a rebound, driven by consumers eager to spend on travel. As we approach 2025, airline stocks are gaining momentum, but what does the future hold for these companies?
C3.ai Stock Takes a Hit
C3.ai, a major AI enterprise software company, has seen its stock rise more than 20% this year. However, the company’s shares took a tumble on Thursday after KeyBanc analyst Eric Heath downgraded the stock to underweight, citing an “unfavorable risk/reward.” Heath set a price target of 29, stating that consensus FY26/FY27 revenue estimates may be too high considering subscription revenue growth has moderated to -1% year-over-year in F2Q.
Stock Plummets in Morning Trades
The downgrade sent C3.ai stock plummeting more than 11% to 35.04 in morning trades, dropping below its 21-day average. This marks a reversal for the company’s shares, which soared early last week after beating Wall Street’s revenue expectations.
A Reversal of Fortune
Despite the recent decline, C3.ai stock still holds a high Relative Strength Rating of 94, according to IBD MarketSurge. However, the stock is on track to post back-to-back weekly losses, a stark contrast to its earlier gains.
What’s Next for Airline Stocks?
As airline stocks continue to rebound, investors are left wondering what’s next for the industry. With consumers driving demand for travel, airline stocks are poised for growth. But with C3.ai’s recent decline, investors are cautioned to approach with caution.
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