C3.ai Stock Surges as Analysts Raise Price Targets
TL;DR Summary
C3.ai's stock surged after reporting strong demand for enterprise AI software, with Wedbush Securities raising its price target to $40, citing confidence in the company's growth story. Despite ongoing losses, the firm's revenue increased 18% year over year, and it signed new agreements with major companies. Management anticipates revenue to grow 15% by fiscal 2024 and expects positive free cash flow by fiscal 2025.
Topics:business#artificial-intelligence#c3ai#finance#revenue-growth#stock-market#wall-street-analyst
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- C3.ai Stock Soars and CEO Tom Siebel Scolds the Skeptics Barron's
- Analysts revamp C3.ai stock price targets after earnings TheStreet
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