C3.ai misses quarterly subscription revenue estimates as enterprises cut costs, shares plunge
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c3.ai (AI) PT Lowered to $21 at Morgan Stanley
September 5, 2024 5:35 AM EDTMorgan Stanley analyst Sanjit Singh lowered the price target on c3.ai (NYSE: AI) to $21.00 (from $23.00) while maintaining a Underweight rating.
The analyst comments "While rev accelerated for the 6th qtr. in a row, this was driven by services as software... More
c3.ai (AI) PT Lowered to $20 at BofA Securities
September 5, 2024 5:32 AM EDTBofA Securities analyst Brad Sills lowered the price target on c3.ai (NYSE: AI) to $20.00 (from $24.00) while maintaining a Underperform rating.
The analyst comments "C3.ai reported modest subscription revenue upside (19.7% y/y versus our estimate for 19%). However, an unchanged FY25... More
c3.ai (AI) PT Lowered to $20 at DA Davidson
September 5, 2024 5:19 AM EDTDA Davidson analyst Gil Luria lowered the price target on c3.ai (NYSE: AI) to $20.00 (from $30.00) while maintaining a Neutral rating.
The analyst comments "C3.ai had weakness in subscription revenue which decreased by ~$6.5M Q/Q compared to adding ~$9.5M last quarter and ~$5M in the same period last... More
