C3.ai, Inc. (NYSE:AI – Get Free Report) has earned a consensus rating of “Hold” from the ten analysts that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $29.91.
Several equities analysts have commented on the stock. Wedbush decreased their target price on shares of C3.ai from $42.00 to $35.00 and set an “overweight” rating on the stock in a report on Thursday, February 29th. Piper Sandler raised their target price on shares of C3.ai from $27.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, March 4th. Canaccord Genuity Group raised their target price on shares of C3.ai from $27.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, February 29th. Finally, Bank of America raised their target price on shares of C3.ai from $18.00 to $20.00 and gave the company an “underperform” rating in a report on Thursday, February 29th.
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C3.ai Price Performance
Shares of AI stock opened at $21.58 on Thursday. The stock has a market cap of $2.63 billion, a P/E ratio of -9.26 and a beta of 1.71. The company has a fifty day moving average price of $27.50 and a two-hundred day moving average price of $27.39. C3.ai has a one year low of $16.79 and a one year high of $48.87.
C3.ai (NYSE:AI – Get Free Report) last posted its earnings results on Wednesday, February 28th. The company reported ($0.60) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.73) by $0.13. The company 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 anticipate that C3.ai will post -2.48 EPS for the current fiscal year.
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.
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