tl;dr
C3.ai (NYSE:AI) saw a 2.5% increase in premarket trading as Oppenheimer upgraded the company, anticipating accelerated growth and margin expansion. Analyst Timothy Horan raised his rating on C3.ai (AI) shares to outperform from perform, with a $40 price target, expecting fiscal 2023 and 2024 reve...
C3.ai (NYSE:AI) saw a 2.5% increase in premarket trading as Oppenheimer upgraded the company, anticipating accelerated growth and margin expansion.
Analyst Timothy Horan raised his rating on C3.ai (AI) shares to outperform from perform, with a $40 price target, expecting fiscal 2023 and 2024 revenue to exceed consensus. Despite underperformance since June, C3.ai is well-positioned as a pure play in the AI industry, benefiting from Microsoft's push in the field.
Recently, Microsoft's moves in AI commercialization, product upgrades, and cost cutting are anticipated to trigger positive results for C3.ai. Despite job cuts within the company, C3.ai analysts remain cautious, recommending a hold on the stock.
More about C3 Ai Inc
Key Financial Metrics: C3 Ai Inc has a market capitalization of $3.4645 billion and reported a net income of $273.849 million. The company's stock performance has shown a price change of -2.34% and an earnings per share of $2.444. The market sentiment for C3 Ai Inc is currently at 0.108.
More about Microsoft Corporation
Key financial metrics for Microsoft Corporation include total revenue of $280.52 billion, a net income margin of 10.31%, and a return on equity of 29.35%. The stock price is currently $369.39 with a dividend yield of 0.272% and an earnings per share of 0.128. In terms of stock performance, Microsoft is a well-established company with strong financials and a large market capitalization. Market sentiment towards the company is generally positive, as it is considered one of the leading companies in the U.S. information technology industry alongside Google, Apple, Amazon, and Facebook.
Disclaimer:
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