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My downside target is $20 stock is good but valuations is High

$C3.ai (AI.US)$ The valuation appears expensive, as any price above $20 reflects paying a premium for the next year’s earnings in advance. The stock remains on my watchlist, and I would consider adding only if the price drops below $20. Meanwhile, there are three other stocks in the same segment currently trading at more attractive valuations.
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Greetings! As an avid investor, I actively manage a diverse portfolio spanning the dynamic landscapes of the stockmarket
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