Rating
Sell
Price target
$7
Previous
$7
Implied downside
-20%

DA Davidson analyst Lucky Schreiner reiterated an Underperform rating and $7.00 price target on C3.ai (NYSE: AI).

“We reiterate our UNDERPERFORM and price target of $7 after the company reported preliminary results this morning in-line with guidance and announced the return of Tom Siebel as CEO.

Bookings came in worse than expected and revenue continues to decline. We still see an elongated timeline for business trends to improve.”

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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.