AI

DA Davidson Reiterates C3.ai (AI) Buy Recommendation

Fintel reports that on April 10, 2023, DA Davidson reiterated coverage of C3.ai (NYSE:AI) with a Buy recommendation.

Analyst Price Forecast Suggests 9.19% Downside

As of April 6, 2023, the average one-year price target for C3.ai is $20.74. The forecasts range from a low of $12.12 to a high of $31.50. The average price target represents a decrease of 9.19% from its latest reported closing price of $22.84.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for C3.ai is $269MM, an increase of 0.98%. The projected annual non-GAAP EPS is -$0.76.

What are Other Shareholders Doing?

AI / C3.ai Shares Held by Institutions

WTAI - WisdomTree Artificial Intelligence and Innovation Fund NA holds 1K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 0K shares, representing an increase of 45.27%. The firm increased its portfolio allocation in AI by 64.15% over the last quarter.

Advisory Services Network holds 2K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 0K shares, representing an increase of 100.00%.

FCFMX - Fidelity Series Total Market Index Fund holds 98K shares representing 0.09% ownership of the company. In it's prior filing, the firm reported owning 83K shares, representing an increase of 14.89%. The firm decreased its portfolio allocation in AI by 18.22% over the last quarter.

SCHA - Schwab U.S. Small-Cap ETF holds 343K shares representing 0.31% ownership of the company. In it's prior filing, the firm reported owning 283K shares, representing an increase of 17.68%. The firm decreased its portfolio allocation in AI by 15.96% over the last quarter.

TISBX - TIAA-CREF Small-Cap Blend Index Fund Institutional Class holds 79K shares representing 0.07% ownership of the company. In it's prior filing, the firm reported owning 96K shares, representing a decrease of 21.23%. The firm increased its portfolio allocation in AI by 20.88% over the last quarter.

What is the Fund Sentiment?

There are 375 funds or institutions reporting positions in C3.ai. This is a decrease of 21 owner(s) or 5.30% in the last quarter. Average portfolio weight of all funds dedicated to AI is 0.08%, an increase of 36.82%. Total shares owned by institutions decreased in the last three months by 3.74% to 45,779K shares. AI / C3.ai Put/Call Ratios The put/call ratio of AI is 0.74, indicating a bullish outlook.

C3.ai Background Information
(This description is provided by the company.)

C3.ai, Inc. is a leading provider of enterprise AI software for accelerating digital transformation. C3 AI delivers a family of fully integrated products: C3 AI® Suite, an end-to-end platform for developing, deploying, and operating large-scale AI applications; C3 AI Applications, a portfolio of industry-specific SaaS AI applications; C3 AI CRM, a suite of industry-specific CRM applications designed for AI and machine learning; and C3 AI Ex Machina, a no-code AI solution to apply data science to everyday business problems. The core of the C3 AI offering is an open, model-driven AI architecture that dramatically simplifies data science and application development.

See all C3.ai regulatory filings.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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