C3.ai Inc [AI] stock Upgrade by Oppenheimer analyst, price target now $40

C3.ai Inc [NYSE: AI] price surged by 7.84 percent to reach at $1.89. The company report on February 5, 2024 at 9:00 AM that C3 AI Announces Fifth Annual AI Conference, C3 Transform 2024: Reshaping the World with Generative AI.

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C3 AI (NYSE: AI), the Enterprise AI application software company, will host its fifth annual AI conference, C3 Transform 2024, from March 5–7, 2024 in Boca Raton, Florida. This event brings together business leaders, technical experts, thought leaders, and C3 AI customers to discuss enterprise AI innovation, performance, and value; this year, the focus is on how generative AI is delivering enormous productivity and efficiency benefits across industries.

The one-year AI stock forecast points to a potential upside of 2.47. The average equity rating for AI stock is currently 3.07, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on C3.ai Inc [AI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AI shares is $26.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AI stock is a recommendation set at 3.07. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Oppenheimer have made an estimate for C3.ai Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on November 21, 2023.

The Average True Range (ATR) for C3.ai Inc is set at 1.40, with the Price to Sales ratio for AI stock in the period of the last 12 months amounting to 10.95. The Price to Book ratio for the last quarter was 3.42, with the Price to Cash per share for the same quarter was set at 6.36.

AI Stock Performance Analysis:

C3.ai Inc [AI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.88. With this latest performance, AI shares dropped by -4.59% in over the last four-week period, additionally sinking by -29.03% over the last 6 months – not to mention a rise of 0.50% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AI stock in for the last two-week period is set at 48.91, with the RSI for the last a single of trading hit 52.70, and the three-weeks RSI is set at 47.78 for C3.ai Inc [AI]. The present Moving Average for the last 50 days of trading for this stock 27.83, while it was recorded at 24.98 for the last single week of trading, and 29.66 for the last 200 days.

Insight into C3.ai Inc Fundamentals:

C3.ai Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 8.16 and a Current Ratio set at 8.16.

AI Stock EPS

With the latest financial reports released by the company, C3.ai Inc posted -0.06/share EPS, while the average EPS was predicted by analysts to be reported at -0.22/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 72.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AI.

C3.ai Inc [AI] Institutonal Ownership Details

The top three institutional holders of AI stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in AI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in AI stock with ownership which is approximately 5.8325%.