Folks have been searching for some opportunities to play this ChatGPT hype. AI is a name that has come front and center and the stock has rallied over 95% to start 2023:
YEXT is a name I have watched over the years and think it is flying under the radar as another potential 'AI' play. The company automates tasks for businesses. Its platform alleviates mundane tasks and cuts costs. It's the future, yet the stock has been pummeled after trading in the $27s in 2018.
It trades at a little over 2x's revenues and will report earnings in the first week or two of March. Think this trades north of $10 in the coming weeks as the FOMO crowd bids up names in the AI space...
I am in some March calls:
Happy Trading!
-JB