C3.ai (AI) Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for C3.ai in the last year. There are currently 3 sell ratings, 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" AI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AI, but not buy additional shares or sell existing shares.
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11 Wall Street analysts have issued 12-month target prices for C3.ai's stock. Their AI share price forecasts range from $14.00 to $50.00. On average, they anticipate the company's share price to reach $23.69 in the next year. This suggests that the stock has a possible downside of 31.8%.
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C3.ai's stock was trading at $11.19 at the beginning of 2023. Since then, AI shares have increased by 210.3% and is now trading at $34.72.
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C3.ai saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 26,240,000 shares, a decrease of 9.3% from the April 30th total of 28,940,000 shares. Based on an average daily volume of 21,020,000 shares, the short-interest ratio is presently 1.2 days. Approximately 29.0% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 30th 2023.
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C3.ai, Inc. (NYSE:AI) released its earnings results on Tuesday, November, 30th. The company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.06. The firm earned $58.26 million during the quarter, compared to analysts' expectations of $56.95 million. C3.ai had a negative net margin of 98.35% and a negative trailing twelve-month return on equity of 27.12%. The company's revenue for the quarter was up 40.9% compared to the same quarter last year.

ETFs with the largest weight of C3.ai (NYSE:AI) stock in their portfolio include ProShares S&P Kensho Smart Factories ETF (MAKX), Direxion Moonshot Innovators ETF (MOON), First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT), WisdomTree Artificial Intelligence and Innovation Fund (WTAI), Fidelity Cloud Computing ETF (FCLD), WisdomTree Cloud Computing Fund (WCLD), Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ) and ROBO Global Artificial Intelligence ETF (THNQ).

C3.ai issued an update on its fourth quarter 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $72.10 million-$72.40 million, compared to the consensus revenue estimate of $71.05 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other C3.ai investors own include Energy Transfer (ET), New Residential Investment (NRZ), NGL Energy Partners (NGL), New York Mortgage Trust (NYMT), Cornerstone Strategic Value Fund (CLM), CBL & Associates Properties (CBL), Annaly Capital Management (NLY), Oxford Lane Capital (OXLC), Cornerstone Total Return Fund (CRF) and AGNC Investment (AGNC).

(AI) raised $504 million in an initial public offering on Wednesday, December 9th 2020. The company issued 15,500,000 shares at $31.00-$34.00 per share. Morgan Stanley, J.P. Morgan and BofA Securities acted as the underwriters for the IPO and Deutsche Bank Securities was co-manager.

C3.ai trades on the New York Stock Exchange (NYSE) under the ticker symbol "AI."

C3.ai's stock is owned by a variety of institutional and retail investors. Top institutional investors include Baker Hughes Holdings LLC (6.17%), BlackRock Inc. (4.28%), State Street Corp (1.52%), Two Sigma Investments LP (1.28%), Geode Capital Management LLC (1.23%) and Susquehanna International Group LLP (0.00%). Insiders that own company stock include Baker Hughes Holdings Llc, Brady Mickelsen, Bruce A Cleveland, Condoleezza Rice, David Barter, David M Obstler, Edward Y Abbo, Group Holdings (Sbs) Advis Tpg, Houman Behzadi, J Rock Tonkel Jr, Juho Parkkinen, Michael G Mccaffery, Patricia A House, Patricia A House, Richard C Levin, Richard Ernst Konzmann, Shankar Sastry, Siebel Living Trust U/A/D 7/27, Stephen M Ward Jr, Stephen M Ward, Jr and Thomas M Siebel.
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Shares of AI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AI stock can currently be purchased for approximately $34.72.

C3.ai (NYSE:AI) has a market capitalization of $3.90 billion and generates $252.76 million in revenue each year. The company earns $-192,070,000.00 in net income (profit) each year or ($2.42) on an earnings per share basis.

The company employs 574 workers across the globe.

C3.ai's mailing address is 6862 ELM STREET SUITE 320, MCLEAN VA, 22101. The official website for the company is www.C3.ai. The company can be reached via phone at 650-503-2200 or via email at ir@c3.ai.