Wedbush Cuts C3.ai (AI) PT to $23 After Brutal Quarter, Keeps Outperform

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 (AI) Stock Target Slashed to $23 After ‘Brutal’ Quarter, Wedbush Still Sees Turnaround Potential

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C3.ai, Inc. is an enterprise artificial intelligence (AI) software company involved in building and operating enterprise-scale AI applications and accelerating digital transformation.

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