c3.ai Plunges 20% After Q4 Print: Why This Analyst Is Upgrading The Stock
Portfolio Pulse from Shanthi Rexaline
C3.ai's stock plunged 20% after Q4 results, but Wedbush analyst Daniel Ives upgraded the shares from Neutral to Market Perform and raised the price target from $24 to $50. Ives believes the company is in a unique position to capitalize on the $800 billion AI opportunity over the next decade.
June 01, 2023 | 11:36 am
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C3.ai stock plunged 20% after Q4 results, but Wedbush analyst Daniel Ives upgraded the shares and raised the price target, citing the company's potential to capitalize on the $800 billion AI opportunity.
C3.ai's stock plunged due to conservative forward guidance, but the upgrade from Wedbush analyst Daniel Ives and the raised price target indicate a positive outlook for the company. The potential to capitalize on the $800 billion AI opportunity over the next decade could offset the short-term negative impact of the stock drop.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100