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

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for C3.ai in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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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10 Wall Street research analysts have issued 12-month price targets for C3.ai's shares. Their AI share price forecasts range from $14.00 to $42.00. On average, they anticipate the company's stock price to reach $26.36 in the next year. This suggests a possible upside of 7.6% from the stock's current price.
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C3.ai's stock was trading at $11.19 at the start of the year. Since then, AI stock has increased by 119.0% and is now trading at $24.51.
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C3.ai saw a increase in short interest during the month of August. As of August 15th, there was short interest totaling 32,970,000 shares, an increase of 7.2% from the July 31st total of 30,760,000 shares. Based on an average trading volume of 27,840,000 shares, the days-to-cover ratio is currently 1.2 days. Approximately 34.3% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 6th 2023.
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C3.ai, Inc. (NYSE:AI) released its quarterly earnings data on Wednesday, September, 6th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.17) by $0.08. The company had revenue of $72.36 million for the quarter, compared to analyst estimates of $71.56 million. C3.ai had a negative net margin of 99.42% and a negative trailing twelve-month return on equity of 27.78%. The firm's quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.67) EPS.

ETFs with the largest weight of C3.ai (NYSE:AI) stock in their portfolio include ProShares S&P Kensho Smart Factories ETF (MAKX), Invesco Dorsey Wright Technology Momentum ETF (PTF), Strategas Macro Thematic Opportunities ETF (SAMT), Roundhill Generative AI & Technology ETF (CHAT), WisdomTree Cloud Computing Fund (WCLD), Direxion Moonshot Innovators ETF (MOON), Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ) and First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT).

C3.ai issued an update on its second quarter 2024 earnings guidance on Wednesday, September, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $72.00 million-$76.50 million, compared to the consensus revenue estimate of $73.81 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 (IPO) 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 number of retail and institutional investors. Top institutional investors include BlackRock Inc. (4.28%), Baker Hughes Holdings LLC (4.03%), State Street Corp (1.49%), Geode Capital Management LLC (1.23%), Mirae Asset Global Investments Co. Ltd. (1.03%) and Simplex Trading LLC (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, 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 $24.51.

C3.ai (NYSE:AI) has a market capitalization of $2.90 billion and generates $266.80 million in revenue each year. The company earns $-268,840,000.00 in net income (profit) each year or ($2.34) on an earnings per share basis.

The company employs 914 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.