Canaccord Genuity Reiterates Hold Rating on c3.ai (AI)

Canaccord Genuity analyst David Hynes Jr. reiterated a Hold rating and $30.00 price target on c3.ai (NYSE: AI).

The analyst commented: "We certainly appreciate that C3's market opportunity requires that the company forgo frugality in the near term, and we note that the balance sheet remains healthy with ~$750m net cash. That being said, we don't think Q4 results or the most recently provided guidance will do much to sway bearish investors with concerns regarding the core profitability of the business. As it stands now, we may not get evidence to the contrary until at least FY26. On a purely growth-adjusted basis, AI shares screen fairly in the ~9x CY25 sales range on low- to mid-20's growth. While we place a much greater emphasis on growth prospects in our valuation methodology, profitability still matters. We reiterate our HOLD rating and our $30 PT, reflecting ~9x CY25E sales."

For an analyst ratings summary and ratings history on c3.ai click here. For more ratings news on c3.ai click here.

Shares of c3.ai closed at $29.90 yesterday.

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