Reported 3 days ago
C3.ai stock experienced a significant drop of 8.1% during Wednesday's trading after JPMorgan downgraded its rating and maintained a $28 price target, indicating further downside risk. Analysts expressed concerns over the company's sales growth and profitability despite recent revenue acceleration. Compounding this, Canaccord raised its price target to $40 while keeping a hold rating, reflecting mixed analyst sentiments about C3.ai's future amidst a challenging market.
Source: YAHOO