C3.ai (AI) Tops Q3 EPS by 15c ; Offers Guidance
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c3.ai (AI) PT Raised to $24 at JPMorgan, 'has solved for comprehensive, end-to-end, artificial intelligence at scale'
February 29, 2024 6:52 AM ESTJPMorgan analyst Pinjalim Bora raised the price target on c3.ai (NYSE: AI) to $24.00 (from $17.00) while maintaining a Neutral rating.
The analyst comments "C3 has solved for comprehensive, end-to-end, artificial intelligence at scale. C3 uses a model-driven architecture to simplify the process for... More
c3.ai (AI) PT Raised to $21 at Morgan Stanley, 'look to get more constructive should the growth profile of the business accelerate'
February 29, 2024 6:30 AM ESTMorgan Stanley analyst Sanjit Singh raised the price target on c3.ai (NYSE: AI) to $21.00 (from $20.00) while maintaining a Underweight rating.
The analyst comments "C3.ai beat total revenue estimates by 3% in Q3, resulting in growth of 18% YoY. Subscription revenue was the driver of the beat accelerating to +23% YoY growth from 12% in Q3 against a compare that got 25 ppt easier. In particular, government was the star vertical this... More
C3.ai (AI) pops 15% on a 'clean' Q3 report; analyst says valuation still unattractive
February 28, 2024 4:45 PM ESTC3.ai (NYSE: AI) saw its shares surge more than 15% in premarket trading Thursday following the companys better-than-expected Q3 report and upbeat guidance.
The enterprise AI technology developer posted a loss per share of $0.13 in the fiscal third quarter, notably better than the expected loss per share of $0.28. Revenue for the quarter came in at $78.4 million, surpassing the consensus estimate of $76.14 million.
Subscription stood at $70.4... More
