Analysts Slash Price Targets On C3.ai Post Q2 Results

December 2, 2021 7:24 AM | 1 min read | Make a Comment

Analysts lowered their price targets on C3.ai AI following the Q2 results.
Piper Sandler analyst Arvind Ramnani lowered the price target to $44 from $78, implying a 30% upside, and reiterated an Overweight.
The company delivered a fiscal Q2 revenue and margin performance modestly above Street expectations and slightly lifted 2022 guidance, Ramnani notes.
He believes C3.ai is progressing against critical initiatives to transform its growth trajectory but dropped the price target to reflect peer-group compression.
Needham analyst Jack Andrews maintained a Buy and lowered the price target from $122 to $103, implying a 204.2% upside.
Price Action: AI shares traded higher by 2.42% at $34.65 in the premarket session on the last check Thursday.