C3.ai Stock Tumbles 7% in Morning Trading

Tiger Newspress2023-04-24

C3.ai stock fell 7% on Monday as investment firm Wolfe Research downgraded the enterprise software company, citing concerns about spending.

Analyst Joshua Tilton lowered his rating on C3.ai (AI) to underperform from peer perform, while setting a per-share price target of $14, noting that there are "significant risks" to fiscal 2024 revenue growth, as spending budgets are likely to be impacted by a "negative macro outlook."

Additionally, Tilton noted that companies are continuing to consolidate their spending on software, "which in our view, threatens the uptake of C3.ai’s newly introduced consumption model."

Led by CEO Thomas Siebel, C3.ai (AI) shares have gained more than 80% year-to-date and were up more than 200% earlier this month.

Other artificial intelligence-linked stocks were mixed following Tilton's C3.ai (AI) downgrade, as SoundHound AI (SOUN) traded higher, while BigBear.ai (BBAI) slipped.

Earlier this month, C3.ai (AI) said claims that the gross margin from its Baker Hughes deal were 99% were "simply not true."

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

来人
2023-04-24
来人
Oh

Leave a comment

1

7

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1183208150?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-04-24 21:39","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1183208150","market":"us","top_or_hot":-1,"title":"C3.ai Stock Tumbles 7% in Morning Trading","media":"Tiger Newspress","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/AI\">C3.ai</a> stock fell 7% on Monday as investment firm Wolfe Research downgraded the enterprise software company, citing concerns about spending.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b496801b3dd813cf750baeeb2c0f0c73\" tg-width=\"806\" tg-height=\"624\"/></p><p>Analyst Joshua Tilton lowered his rating on C3.ai (AI) to underperform from peer perform, while setting a per-share price target of $14, noting that there are &#34;significant risks&#34; to fiscal 2024 revenue growth, as spending budgets are likely to be impacted by a &#34;negative macro outlook.&#34;</p><p>Additionally, Tilton noted that companies are continuing to consolidate their spending on software, &#34;which in our view, threatens the uptake of C3.ai’s newly introduced consumption model.&#34;</p><p>Led by CEO Thomas Siebel, C3.ai (AI) shares have gained more than 80% year-to-date and were up more than 200% earlier this month.</p><p>Other artificial intelligence-linked stocks were mixed following Tilton&#39;s C3.ai (AI) downgrade, as SoundHound AI (SOUN) traded higher, while BigBear.ai (BBAI) slipped.</p><p>Earlier this month, C3.ai (AI) said claims that the gross margin from its Baker Hughes deal were 99% were &#34;simply not true.&#34;</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>C3.ai Stock Tumbles 7% in Morning Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nC3.ai Stock Tumbles 7% in Morning Trading\n</h2>\n\n<h4 class=\"meta\">\n\n2023-04-24 21:39 北京时间&nbsp;&nbsp;&nbsp;<strong>Tiger Newspress</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>C3.ai stock fell 7% on Monday as investment firm Wolfe Research downgraded the enterprise software company, citing concerns about spending.Analyst Joshua Tilton lowered his rating on C3.ai (AI) to ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AI","symbol_name":"C3.ai, Inc.","start_time":0,"source_url":"","article_id":"1183208150","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1183208150","pubTimestamp":1682343543,"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"C3.ai Cut To Underperform By Wolfe Research, Stock Tumbles","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"AI":"C3.ai, Inc."},"translate_title":"C3.ai股票早盘下跌7%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AI":0.9},"content_text":"C3.ai stock fell 7% on Monday as investment firm Wolfe Research downgraded the enterprise software company, citing concerns about spending.Analyst Joshua Tilton lowered his rating on C3.ai (AI) to underperform from peer perform, while setting a per-share price target of $14, noting that there are \"significant risks\" to fiscal 2024 revenue growth, as spending budgets are likely to be impacted by a \"negative macro outlook.\"Additionally, Tilton noted that companies are continuing to consolidate their spending on software, \"which in our view, threatens the uptake of C3.ai’s newly introduced consumption model.\"Led by CEO Thomas Siebel, C3.ai (AI) shares have gained more than 80% year-to-date and were up more than 200% earlier this month.Other artificial intelligence-linked stocks were mixed following Tilton's C3.ai (AI) downgrade, as SoundHound AI (SOUN) traded higher, while BigBear.ai (BBAI) slipped.Earlier this month, C3.ai (AI) said claims that the gross margin from its Baker Hughes deal were 99% were \"simply not true.\"","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9947012981,"gmtCreate":1682345164243,"gmtModify":1682345169822,"author":{"id":"3575544575320394","authorId":"3575544575320394","name":"来人","avatar":"https://static.tigerbbs.com/0af89587decbb8a1d3e1596adc29cb98","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3575544575320394","authorIdStr":"3575544575320394"},"htmlText":"Oh","listText":"Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947012981","repostId":1183208150,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":7,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1183208150"}