C3.ai, Inc. (NYSE:AI) is one of the 10 AI Stocks Making Waves on Wall Street. On August 11, Wedbush analyst Daniel Ives lowered the price target on the stock to $23.00 (from $35.00) while maintaining an Outperform rating.
“This was a brutal quarter and if C3 cannot turn this around darker days could be ahead. For now we maintain our OUTPERFORM giving the company a few quarters to reverse this negative sales trend with Siebel now out of the sales picture. We are lowering our price target to $23 from $35 reflecting this massive sales miss.”
A financial analyst on a business call, studying a portfolio of stocks.
C3.ai, Inc. (NYSE:AI) is an enterprise artificial intelligence (AI) software company involved in building and operating enterprise-scale AI applications and accelerating digital transformation.
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