Oppenheimer Upgrades C3.ai to Outperform, Announces $40 Price Target
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Timothy Horan has upgraded C3.ai (NYSE:AI) from Perform to Outperform and set a price target of $40. This upgrade reflects a positive outlook on the company's stock performance.
November 21, 2023 | 12:20 pm
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POSITIVE IMPACT
C3.ai has been upgraded by Oppenheimer from Perform to Outperform with a new price target of $40, indicating a bullish perspective on the stock's future performance.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest improved fundamentals or potential outperformance. The new price target of $40 by Oppenheimer is likely to set a bullish tone for C3.ai's stock, potentially leading to an increase in investor interest and stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100