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C3.ai, Inc. (NYSE:AI) is one of the 10 AI Stocks Making Waves on Wall Street. On August 11, Wedbush analyst Daniel Ives lowered the price target on the stock to $23.00 (from $35.00) while maintaining an Outperform rating.
“This was a brutal quarter and if C3 cannot turn this around darker days could be ahead. For now we maintain our OUTPERFORM giving the company a few quarters to reverse this negative sales trend with Siebel now out of the sales picture. We are lowering our price target to $23 from $35 reflecting this massive sales miss.”
C3.ai, Inc. (NYSE:AI) is an enterprise artificial intelligence (AI) software company involved in building and operating enterprise-scale AI applications and accelerating digital transformation.
While we acknowledge the potential of AI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Trending AI Stocks on Wall Street and 10 AI Stocks Analysts Are Watching Closely.
Disclosure: None.
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