C3.ai is still ‘extremely unprofitable' so don't buy the stock, analyst says
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C3.ai's stock has recently rebounded, but J.P. Morgan analysts advise against buying it due to its extreme unprofitability. They have set a price target suggesting a potential 35% downside.
December 10, 2024 | 7:00 pm
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C3.ai is considered 'extremely unprofitable' by J.P. Morgan, which has set a price target indicating a 35% downside. Despite a recent stock rebound, the recommendation is to avoid buying.
J.P. Morgan's analysis highlights C3.ai's lack of profitability and sets a price target with significant downside, suggesting negative short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100