C3.ai Gets Price Target Bumps By Analysts Following Q4 Results
Portfolio Pulse from Lisa Levin
C3.ai reported better-than-expected Q4 earnings with revenue of $72.4 million, beating estimates of $71.3 million. The company expects Q1 revenue between $70 million and $72.5 million, and full-year revenue between $295 million and $320 million. Analysts at Piper Sandler, JMP Securities, and Needham adjusted their price targets following the announcement.
June 01, 2023 | 11:36 am
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C3.ai's better-than-expected Q4 earnings led to price target adjustments by analysts. The company's outlook for Q1 and full-year revenue may influence its stock price.
C3.ai's Q4 earnings beat estimates, which led to price target adjustments by analysts at Piper Sandler, JMP Securities, and Needham. The company's positive outlook for Q1 and full-year revenue may have a positive impact on its stock price in the short term.
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