C3.ai downgraded to Neutral from Buy at DA Davidson - InvestingChannel

C3.ai downgraded to Neutral from Buy at DA Davidson

DA Davidson analyst Gil Luria downgraded C3.ai to Neutral from Buy with an unchanged price target of $30. The company reported a slight beat to its pre-announced Q4 revenue and endorsed consensus estimates for the year, the analyst tells investors in a research note. The firm believes C3.ai is on track for a second half of fiscal 2024 acceleration based on momentum driven by generative artificial intelligence demand, but says this is now more properly reflected in the share price.

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