C3.ai Beats Q4 Estimates: Stock Sells Off, Analysts Weigh In
Portfolio Pulse from AJ Fabino
C3.ai reported Q4 earnings with a revenue of $72.4 million, beating estimates. The company posted a loss of 13 cents per share, better than the expected loss of 17 cents. Analysts from Wedbush, JMP Securities, and Needham provided their insights and updated price targets.

June 01, 2023 | 3:49 pm
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C3.ai beat Q4 estimates with $72.4M revenue. Analysts from Wedbush, JMP Securities, and Needham provided updated ratings and price targets.
C3.ai beat Q4 estimates, which is generally positive for the stock. However, the stock is trading lower, possibly due to concerns about the company's shift to a consumption model and competition. Analysts have mixed opinions, with some upgrading ratings and raising price targets, while others maintain a Hold rating. This creates uncertainty in the short term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100