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

InvestorPlace2023-06-26

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 (...

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Comments

Huat1333
2023-06-26
Huat1333
[What] [What] [What]
druvaciam
2023-06-26
druvaciam
$10-$12 is my target to buy
- Chou93:
  ok

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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 StockDeutsche 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. 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