C3.ai (NYSE:AI) Stock Rating Upgraded by Northland Securities

Northland Securities upgraded shares of C3.ai (NYSE:AI) from a market perform rating to an outperform rating in a research note issued to investors on Thursday, MarketBeat Ratings reports. Northland Securities currently has $35.00 target price on the stock.

Several other research firms have also recently issued reports on AI. Piper Sandler raised their price target on shares of C3.ai from $27.00 to $33.00 and gave the stock a neutral rating in a research note on Monday, March 4th. Canaccord Genuity Group lifted their price target on C3.ai from $27.00 to $31.00 and gave the company a hold rating in a report on Thursday, February 29th. Needham & Company LLC reiterated a hold rating on shares of C3.ai in a report on Thursday. Wedbush lowered their target price on shares of C3.ai from $42.00 to $35.00 and set an overweight rating for the company in a report on Thursday, February 29th. Finally, Bank of America increased their price target on shares of C3.ai from $18.00 to $20.00 and gave the stock an underperform rating in a research note on Thursday, February 29th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $31.30.

C3.ai Price Performance

Shares of NYSE AI opened at $29.57 on Thursday. The firm’s 50-day moving average is $24.44 and its two-hundred day moving average is $27.10. C3.ai has a 12-month low of $20.23 and a 12-month high of $48.87. The company has a market capitalization of $3.61 billion, a PE ratio of -12.64 and a beta of 1.74.

Institutional Investors Weigh In On C3.ai

A number of hedge funds have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale bought a new stake in C3.ai during the third quarter valued at $25,000. B. Riley Asset Management LLC acquired a new position in C3.ai in the third quarter valued at approximately $26,000. Orion Capital Management LLC bought a new position in shares of C3.ai during the third quarter valued at approximately $26,000. Toth Financial Advisory Corp raised its position in shares of C3.ai by 900.0% during the 1st quarter. Toth Financial Advisory Corp now owns 1,000 shares of the company’s stock worth $27,000 after purchasing an additional 900 shares during the period. Finally, ICA Group Wealth Management LLC bought a new stake in shares of C3.ai in the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 38.96% of the company’s stock.

C3.ai Company Profile

C3.ai, Inc operates as an enterprise artificial intelligence (AI) software company in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company provides C3 AI platform, an application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications; C3 AI Ex Machina for analysis-ready data; C3 AI CRM, an industry specific customer relationship management solution; and C3 Generative AI Product Suite that enables to locate, retrieve, and present information.