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S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Asian markets sink, with Japan’s Nikkei down 3.5%, as Mideast tensions flare
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
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S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Asian markets sink, with Japan’s Nikkei down 3.5%, as Mideast tensions flare
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
These are the Top 4 Stocks for Buybacks in 2024
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Asian markets sink, with Japan’s Nikkei down 3.5%, as Mideast tensions flare
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
These are the Top 4 Stocks for Buybacks in 2024

C3.ai (AI) Stock Price, News & Analysis

$20.88
+0.27 (+1.31%)
(As of 04/18/2024 ET)
Today's Range
$20.45
$21.40
50-Day Range
$20.50
$36.98
52-Week Range
$16.79
$48.87
Volume
4.68 million shs
Average Volume
7.41 million shs
Market Capitalization
$2.55 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$29.91

C3.ai MarketRank™ Stock Analysis

Analyst Rating
Hold
2.10 Rating Score
Upside/​Downside
43.3% Upside
$29.91 Price Target
Short Interest
Bearish
26.09% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.64
Upright™ Environmental Score
News Sentiment
0.09mentions of C3.ai in the last 14 days
Based on 15 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($2.48) to ($2.19) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.91 out of 5 stars

Computer And Technology Sector

310th out of 590 stocks

Prepackaged Software Industry

99th out of 190 stocks

AI stock logo

About C3.ai Stock (NYSE:AI)

C3.ai is a leading enterprise software company that offers artificial intelligence (AI) solutions to help organizations optimize their operations and improve decision-making. The company was founded in 2009 by Thomas Siebel, a renowned technology entrepreneur and is headquartered in Redwood City, California. C3.ai provides software-as-a-service (SaaS) applications designed to help companies across various industries, including manufacturing, healthcare, energy and financial services, harness the power of AI and machine learning to drive digital transformation.

C3.ai has a strong leadership team focused on driving innovation and growth. The company's CEO is Thomas Siebel, who has over 40 years of experience in the technology industry and has been recognized as a pioneer in enterprise software. Other key members of the management team include Edward Abbo, President and CTO, who has over 25 years of experience in the software industry and Houman Behzadi, Chief Product Officer, who has over 20 years of experience in software development and engineering.

C3.ai went public in December 2020, raising $651 million in its IPO. C3.ai has experienced flat revenue growth over the past few years. C3.ai has maintained a fair profit margin, with a net income close to or exceeding expenses. This has allowed the company to maintain a debt-to-equity ratio of close to 0.00. Overall, C3.ai's valuation metrics suggest that the market has high expectations for the company's future growth potential.

C3.ai operates in the AI software market, which is expected to continue to grow at a rapid pace in the coming years. The global AI software market is projected to grow from $22.6 billion in 2020 to $126.0 billion by 2025 at a compound annual growth rate (CAGR) of 41.2% during the forecast period. C3.ai competes with other AI software companies, such as IBM, Microsoft and Google, but the market is still relatively fragmented, providing significant growth opportunities.

C3.ai has several potential growth opportunities in the coming years. One key area of focus is the healthcare industry, where the company's AI solutions can help providers improve patient outcomes and reduce costs. C3.ai has also been expanding into new geographic markets, such as Europe and Asia, which provide significant growth opportunities. In addition, the company has been investing in research and development to enhance its AI technology and develop new applications.

Another potential growth opportunity for C3.ai is in the energy industry. The company has partnered with several energy companies, including Shell and Enel, to help them improve their operations and reduce their carbon emissions using AI. As the world continues to focus on reducing greenhouse gas emissions, C3.ai's solutions could be in high demand.

C3.ai has been exploring potential acquisitions to expand its offerings and reach new markets. While C3.ai has significant growth opportunities, the company also faces several risks and challenges. One of the biggest challenges is competition from other AI software companies, IBM, Microsoft and Google. These companies have resources and could outcompete C3.ai in specific markets.

C3.ai also operates in a highly regulated industry, which could challenge compliance with data privacy and security regulations. The company must ensure its solutions comply with regulations such as the European Union's General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA).

In addition, the AI industry is still relatively new, and there is a risk that AI technology may not live up to its hype or that the market may not grow as quickly as anticipated. If this were to happen, C3.ai's growth prospects could be limited.

AI Stock Price History

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Down 44% in 2024, Is C3.ai Stock a Buy?
C3.ai Inc - Class A
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Company Calendar

Last Earnings
2/28/2024
Today
4/19/2024
Fiscal Year End
4/30/2024
Next Earnings (Estimated)
5/29/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Systems Software
CUSIP
04135620
Fax
N/A
Employees
914
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$29.91
High Stock Price Target
$40.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+43.3%
Consensus Rating
Hold
Rating Score (0-4)
2.10
Research Coverage
10 Analysts

Profitability

Net Income
$-268,840,000.00
Pretax Margin
-94.84%

Debt

Sales & Book Value

Annual Sales
$266.80 million
Book Value
$8.29 per share

Miscellaneous

Free Float
80,552,000
Market Cap
$2.55 billion
Optionable
Optionable
Beta
1.70
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AI Stock Analysis - Frequently Asked Questions

Should I buy or sell C3.ai stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for C3.ai in the last year. There are currently 2 sell ratings, 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" AI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AI, but not buy additional shares or sell existing shares.
View AI analyst ratings
or view top-rated stocks.

What is C3.ai's stock price target for 2024?

10 analysts have issued 12 month target prices for C3.ai's stock. Their AI share price targets range from $14.00 to $40.00. On average, they expect the company's share price to reach $29.91 in the next year. This suggests a possible upside of 43.3% from the stock's current price.
View analysts price targets for AI
or view top-rated stocks among Wall Street analysts.

How have AI shares performed in 2024?

C3.ai's stock was trading at $28.71 at the start of the year. Since then, AI shares have decreased by 27.3% and is now trading at $20.8750.
View the best growth stocks for 2024 here
.

Are investors shorting C3.ai?

C3.ai saw a decrease in short interest during the month of March. As of March 15th, there was short interest totaling 31,530,000 shares, a decrease of 8.2% from the February 29th total of 34,330,000 shares. Based on an average daily volume of 8,260,000 shares, the short-interest ratio is presently 3.8 days.
View C3.ai's Short Interest
.

When is C3.ai's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 29th 2024.
View our AI earnings forecast
.

How were C3.ai's earnings last quarter?

C3.ai, Inc. (NYSE:AI) announced its quarterly earnings data on Wednesday, February, 28th. The company reported ($0.60) earnings per share for the quarter, topping analysts' consensus estimates of ($0.73) by $0.13. The business earned $78.40 million during the quarter, compared to analysts' expectations of $75.92 million. C3.ai had a negative net margin of 95.21% and a negative trailing twelve-month return on equity of 29.60%.

What guidance has C3.ai issued on next quarter's earnings?

C3.ai updated its FY 2024 earnings guidance on Wednesday, February, 28th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $306.0 million-$310.0 million, compared to the consensus revenue estimate of $306.1 million.

When did C3.ai IPO?

C3.ai (AI) raised $504 million in an initial public offering on Wednesday, December 9th 2020. The company issued 15,500,000 shares at $31.00-$34.00 per share. Morgan Stanley, J.P. Morgan and BofA Securities served as the underwriters for the IPO and Deutsche Bank Securities was co-manager.

Who are C3.ai's major shareholders?

C3.ai's stock is owned by a number of retail and institutional investors. Top institutional investors include Global Assets Advisory LLC (0.73%), IMC Chicago LLC (0.00%), Strategic Planning Group LLC (0.04%), Los Angeles Capital Management LLC (0.02%), 180 Wealth Advisors LLC (0.01%) and Banque Cantonale Vaudoise (0.01%). Insiders that own company stock include Baker Hughes Holdings Llc, Bruce A Cleveland, Condoleezza Rice, David Barter, David M Obstler, Edward Y Abbo, Group Holdings (Sbs) Advis Tpg, Guy Wanger, Houman Behzadi, Juho Parkkinen, Patricia A House, Patricia A House, Richard C Levin, Shankar Sastry, Siebel Living Trust U/A/D 7/27, Stephen M Ward Jr, Stephen M Ward, Jr and Thomas M Siebel.
View institutional ownership trends
.

How do I buy shares of C3.ai?

Shares of AI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:AI) was last updated on 4/19/2024 by MarketBeat.com Staff

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