Tiger Brokers

BUZZ-C3.ai falls as KeyBanc downgrades to 'underweight'

Reuters
Dec 19, 2024
BUZZ-C3.ai falls as KeyBanc downgrades to 'underweight'

** Shares of AI software maker C3.ai AI.N fall 2.5% to $38.68 in premarket trading

** KeyBanc Capital Markets downgrades the stock to "underweight" from "sector weight", sets PT at $29

** Brokerage fears large operating losses and potential risk of Microsoft MSFT.O partnership not yielding material results

** Says concerned that consensus revenue estimates for FY26/FY27 "may be too high considering subscription revenue growth excluding upfront license has moderated" to a 1% drop in Q2

** Four of 11 brokerages rate the stock "buy", 5 "hold" and 6 "sell"; their median PT is $40

** Up to last close, stock had risen 38.2% this year

(Reporting by Kritika Lamba in Bengaluru)

((Kritika.Lamba@thomsonreuters.com))

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.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10