AI Stock Price Prediction: Is C3.ai Really Worth $16?

• C3.ai (AI) stock is sliding alongside a new price target.

• Deutsche Bank analyst Brad Zelnick reiterated a $16 price target for the stock.

• That represents a potential 57% downside for the shares.

C3.ai (NYSE: AI) stock is on the move Friday after Deutsche Bank analyst Brad Zelnick slapped shares with a $16 price target.

That price target is a reiteration of Zelnick’s prior feelings on AI stock. To go along with it, the Deutsche Bank analyst also reiterated a “sell” rating for the company’s shares. This follows an investor day presentation earlier this week that failed to impress the firm.

Zelnick said the following about the presentation in a note to clients obtained by CNBC:

“While we appreciate the vast opportunity presented by AI, the event did nothing to ease our skepticism on the true differentiation of the company’s platform, its traction with customers or its ability to hit its constantly evolving financial targets.”

What Other Analysts Think About AI Stock

Deutsche Bank’s price prediction and rating for AI stock are overly bearish compared to peers. The current analyst consensus includes a median price target of $23.50 per share alongside a “hold” rating.

Investors will also keep in mind how much AI stock could fall based on the recent price prediction. If the stock does indeed drop to $16 per share, it would represent a roughly 57% decline from the stock’s prior closing price.

With this bearish stance for AI stock, shares fell 10.82% on Friday. However, those shares are still up by around 200% since the start of the year.