Reported 3 days ago
Needham & Company has reaffirmed its Hold rating on C3.ai (NYSE:AI) following disappointing preliminary Q1 results showing a 33% year-over-year revenue decline. Despite strong growth from peers in the AI sector, C3.ai's struggles due to ongoing sales restructuring and CEO health concerns have led to a cautious outlook. The firm noted the need for consistent growth and organizational stability before revisiting a more optimistic view.
Source: YAHOO