Fintel reports that on September 8, 2023, Piper Sandler maintained coverage of C3.ai Inc - (NYSE:AI) with a Neutral recommendation.
Analyst Price Forecast Suggests 3.31% Upside
As of August 31, 2023, the average one-year price target for C3.ai Inc - is 28.97. The forecasts range from a low of 14.14 to a high of $52.50. The average price target represents an increase of 3.31% from its latest reported closing price of 28.04.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for C3.ai Inc - is 325MM, an increase of 18.69%. The projected annual non-GAAP EPS is -0.36.
What is the Fund Sentiment?
There are 513 funds or institutions reporting positions in C3.ai Inc -. This is an increase of 43 owner(s) or 9.15% in the last quarter. Average portfolio weight of all funds dedicated to AI is 0.25%, a decrease of 15.37%. Total shares owned by institutions decreased in the last three months by 11.37% to 46,985K shares. The put/call ratio of AI is 0.86, indicating a bullish outlook.
What are Other Shareholders Doing?
Baker Hughes Holdings holds 4,657K shares representing 3.95% ownership of the company. In it's prior filing, the firm reported owning 6,920K shares, representing a decrease of 48.61%. The firm decreased its portfolio allocation in AI by 35.99% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,991K shares representing 2.54% ownership of the company. In it's prior filing, the firm reported owning 2,958K shares, representing an increase of 1.11%. The firm increased its portfolio allocation in AI by 1.25% over the last quarter.
Jane Street Group holds 2,590K shares representing 2.20% ownership of the company. In it's prior filing, the firm reported owning 319K shares, representing an increase of 87.70%. The firm increased its portfolio allocation in AI by 765.36% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 2,526K shares representing 2.14% ownership of the company. In it's prior filing, the firm reported owning 2,515K shares, representing an increase of 0.45%. The firm increased its portfolio allocation in AI by 3.71% over the last quarter.
Goldman Sachs Group holds 1,844K shares representing 1.56% ownership of the company. In it's prior filing, the firm reported owning 1,571K shares, representing an increase of 14.77%. The firm increased its portfolio allocation in AI by 20.13% over the last quarter.
C3.ai Background Information
(This description is provided by the company.)
C3.ai, Inc. is a leading provider of enterprise AI software for accelerating digital transformation. C3 AI delivers a family of fully integrated products: C3 AI® Suite, an end-to-end platform for developing, deploying, and operating large-scale AI applications; C3 AI Applications, a portfolio of industry-specific SaaS AI applications; C3 AI CRM, a suite of industry-specific CRM applications designed for AI and machine learning; and C3 AI Ex Machina, a no-code AI solution to apply data science to everyday business problems. The core of the C3 AI offering is an open, model-driven AI architecture that dramatically simplifies data science and application development.
Additional reading:
- Press Release dated
- List of subsidiaries of the Registrant.
- C3 AI Announces Fiscal Fourth Quarter and Full Year Fiscal 2023 Financial Results Generative AI Changes Everything
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