C3.ai Analysts Cut Their Forecasts After Q1 Earnings Results
Portfolio Pulse from Avi Kapoor
C3.ai reported strong Q1 earnings with revenue of $87.2 million, beating estimates. Despite this, analysts lowered their price targets, leading to a 1.9% drop in share price.
September 05, 2024 | 12:01 pm
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C3.ai reported better-than-expected Q1 earnings, with revenue of $87.2 million and a smaller-than-expected loss per share. Despite this, analysts from Piper Sandler and Morgan Stanley lowered their price targets, leading to a 1.9% drop in the stock price.
C3.ai's strong Q1 earnings were overshadowed by analysts lowering their price targets, which likely contributed to the stock's decline. The market may be reacting to cautious future guidance or broader market conditions.
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