C3.ai (NYSE:AI) Given New $42.00 Price Target at Piper Sandler

C3.ai (NYSE:AI) had its price objective increased by Piper Sandler from $24.00 to $42.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

Other equities research analysts have also issued research reports about the company. Piper Sandler Companies reiterated a “neutral” rating and issued a $24.00 target price on shares of C3.ai in a research note on Thursday, September 5th. Canaccord Genuity Group lowered their price objective on shares of C3.ai from $30.00 to $23.00 and set a “hold” rating for the company in a research report on Thursday, September 5th. StockNews.com raised shares of C3.ai to a “sell” rating in a research report on Tuesday, November 26th. JMP Securities reaffirmed a “market outperform” rating and set a $40.00 price target on shares of C3.ai in a report on Thursday, September 5th. Finally, Bank of America cut their price objective on shares of C3.ai from $24.00 to $20.00 and set an “underperform” rating on the stock in a report on Thursday, September 5th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, C3.ai currently has an average rating of “Hold” and a consensus target price of $34.60.

C3.ai Trading Up 0.2 %

Shares of C3.ai stock opened at $41.76 on Tuesday. C3.ai has a twelve month low of $18.85 and a twelve month high of $45.08. The stock has a market cap of $5.30 billion, a price-to-earnings ratio of -18.90 and a beta of 1.99. The company has a fifty day moving average price of $29.47 and a 200 day moving average price of $27.39.

Hedge Funds Weigh In On C3.ai

Several large investors have recently modified their holdings of AI. Charles Schwab Investment Management Inc. raised its stake in C3.ai by 12.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 844,389 shares of the company’s stock valued at $20,460,000 after buying an additional 92,280 shares in the last quarter. PDT Partners LLC bought a new stake in shares of C3.ai in the 3rd quarter valued at approximately $1,624,000. Global Assets Advisory LLC acquired a new stake in shares of C3.ai during the 3rd quarter valued at approximately $743,000. Janney Montgomery Scott LLC bought a new position in C3.ai during the third quarter worth $785,000. Finally, Intech Investment Management LLC acquired a new position in C3.ai in the third quarter worth $859,000. Institutional investors own 38.96% of the company’s stock.

About C3.ai

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.