What's Going On With C3.ai Stock?
Portfolio Pulse from Ryan Gustafson
C3.ai, Inc. (NYSE:AI) shares traded higher on Wednesday amid continued momentum in AI stocks. The company was among the most searched tickers on Benzinga Pro in Q2. Over the past month, Deutsche Bank reiterated its Sell rating on the stock, Piper Sandler reiterated a Neutral rating and maintained a $29 price target, and Oppenheimer initiated coverage with a Perform rating. The overall market was volatile after Fed Minutes signaled more rate hikes may be coming this year.
July 05, 2023 | 8:22 pm
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C3.ai shares traded higher amid increased optimism in AI stocks. The stock has received mixed ratings from analysts, with Deutsche Bank reiterating its Sell rating and Piper Sandler maintaining a $29 price target.
C3.ai's stock traded higher due to the overall momentum in AI stocks. However, the mixed analyst ratings indicate uncertainty about the stock's future performance. The potential for more rate hikes this year could also impact the stock's performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100