C3.ai, Inc. (NYSE:AI – Get Free Report) has received a consensus rating of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $31.50.
Several brokerages have issued reports on AI. Bank of America lifted their target price on shares of C3.ai from $18.00 to $20.00 and gave the stock an “underperform” rating in a report on Thursday, February 29th. Wedbush decreased their target price on shares of C3.ai from $42.00 to $35.00 and set an “overweight” rating for the company in a report on Thursday, February 29th. Piper Sandler lifted their price target on shares of C3.ai from $27.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, March 4th. Finally, Canaccord Genuity Group lifted their price target on shares of C3.ai from $27.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, February 29th.
Read Our Latest Analysis on C3.ai
Institutional Trading of C3.ai
C3.ai Stock Performance
Shares of C3.ai stock opened at $22.34 on Thursday. The stock has a market capitalization of $2.73 billion, a PE ratio of -9.59 and a beta of 1.70. C3.ai has a 52-week low of $16.79 and a 52-week high of $48.87. The company has a 50-day simple moving average of $27.23 and a two-hundred day simple moving average of $27.34.
C3.ai (NYSE:AI – Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported ($0.60) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.73) by $0.13. The business had revenue of $78.40 million during the quarter, compared to analysts’ expectations of $75.92 million. C3.ai had a negative net margin of 95.21% and a negative return on equity of 29.60%. As a group, equities research analysts forecast that C3.ai will post -2.48 EPS for the current fiscal year.
C3.ai Company Profile
C3.ai, Inc operates as an enterprise artificial intelligence (AI) software company in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company provides C3 AI platform, an application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications; C3 AI Ex Machina for analysis-ready data; C3 AI CRM, an industry specific customer relationship management solution; and C3 Generative AI Product Suite that enables to locate, retrieve, and present information.
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