C3.ai Stock Is Falling Thursday: What's Going On?
Portfolio Pulse from Adam Eckert
C3.ai's stock fell 18.7% after reporting Q1 results that beat revenue and EPS estimates. Despite positive financials, analysts lowered price targets, contributing to the stock's decline.
September 05, 2024 | 1:19 pm
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NEGATIVE IMPACT
C3.ai reported better-than-expected Q1 results with revenue and EPS beats. However, analysts lowered price targets, leading to an 18.7% drop in stock price.
Despite C3.ai's positive Q1 results, including a revenue beat and improved EPS, the stock fell due to analyst price target cuts. This suggests that while the company's performance was strong, market sentiment was negatively influenced by the analysts' outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100