C3.ai - AI Stock Forecast, Price & News

11 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, 7 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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11 brokerages have issued 1 year price objectives for C3.ai's stock. Their AI share price forecasts range from $12.00 to $30.00. On average, they predict the company's share price to reach $20.45 in the next year. This suggests that the stock has a possible downside of 19.1%.
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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 125.8% and is now trading at $25.27.
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C3.ai saw a increase in short interest in February. As of February 28th, there was short interest totaling 23,600,000 shares, an increase of 6.5% from the February 13th total of 22,150,000 shares. Based on an average daily trading volume, of 15,510,000 shares, the days-to-cover ratio is presently 1.5 days. Approximately 27.3% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 7th 2023.
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C3.ai, Inc. (NYSE:AI) released its quarterly earnings data on Tuesday, November, 30th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.29) by $0.06. The firm earned $58.26 million during the quarter, compared to the consensus estimate 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 business's revenue for the quarter was up 40.9% on a year-over-year basis.

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), Fidelity Cloud Computing ETF (FCLD), WisdomTree Artificial Intelligence and Innovation Fund (WTAI), WisdomTree Cloud Computing Fund (WCLD), ROBO Global Artificial Intelligence ETF (THNQ) and Global X Robotics & Artificial Intelligence ETF (BOTZ).

C3.ai issued an update on its fourth quarter 2023 earnings guidance on Thursday, March, 2nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $70.00 million-$72.00 million, compared to the consensus revenue estimate of $69.85 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 IPO on Wednesday, December 9th 2020. The company issued 15,500,000 shares at a price of $31.00-$34.00 per share. Morgan Stanley, J.P. Morgan and BofA Securities served 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 Geode Capital Management LLC (1.19%), Renaissance Technologies LLC (1.17%), Morgan Stanley (0.71%), Mirae Asset Global Investments Co. Ltd. (0.66%), Charles Schwab Investment Management Inc. (0.51%) 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 $25.27.

C3.ai (NYSE:AI) has a market capitalization of $2.84 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.