What's Going On With C3.ai Stock?
Portfolio Pulse from Erica Kollmann
C3.ai, Inc. (NYSE:AI) stock is trading higher, up over 14% in the past five days. The company reported Q2 financial results with an adjusted loss of 13 cents per share, beating estimates, but missed revenue expectations. Analysts from Canaccord Genuity, Piper Sandler, and DA Davidson updated their coverage with mixed adjustments to price targets. The stock's recent movement may be due to a recovery from post-earnings losses, high trading volume, overall market strength, and interest in AI companies. C3.ai's 100-day average volume is 8.184 million shares with 38.21% sold short.
December 19, 2023 | 6:05 pm
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POSITIVE IMPACT
C3.ai reported better-than-expected Q2 earnings per share but missed revenue estimates. Analysts have mixed views, with some maintaining their ratings and others lowering price targets. The stock is experiencing high trading volume and interest due to its AI focus.
The stock is likely to see continued interest due to the overall positive reaction to the earnings beat and the current market interest in AI technology. However, the missed revenue target and mixed analyst ratings introduce some uncertainty, which is why the confidence score isn't higher.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100