Breaking News
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

C3.ai Draws Mixed Reviews One Month Post-IPO

Stock Markets Jan 04, 2021 12:31PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.
 
MSFT
+0.70%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
ORCL
+0.58%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
DBKGn
-3.17%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
PIPR
+2.07%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
RTN
0.00%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
MS
+1.90%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

By Christiana Sciaudone

Investing.com --  C3 Ai Inc (NYSE:AI) dropped 10% on Monday after analyst ratings on the newly public company came in mixed. 

Wedbush to Piper Sandler (NYSE:PIPR) give it a buy, Deutsche Bank (DE:DBKGn) and Keybanc see a hold, while Morgan Stanley (NYSE:MS) says sell, StreetInsider reported.

The AI software provider went public in early December, jumping as much as 174% on its first day of trading, Business Insider reported.

The company was founded by a former Oracle (NYSE:ORCL) executive, Tom Siebel, and raised $651 million in its IPO.  

Morgan Stanley set a $100 price target, saying that C3.ai's "compelling growth opportunity ahead" is already priced into the stock, The Street reported.

JMP Securities, however, set a price target of $167 and a buy-equivalent rating. 

"We view C3 as an excellent opportunity for long-term durable growth and capital appreciation for a number of reasons," Street Insider reported analyst Patrick Walravens. He cited Siebel's leadership and experience, the focus on artificial intelligence projects in the commercial industrial sector with the potential to return significant economic value and a set of partnerships that should supplement C3’s go-to-market capabilities over time, with companies like Baker Hughes, Microsoft (NASDAQ:MSFT) and Raytheon (NYSE:RTN), among other reasons, StreetInsider reported.

Last week, a Motley Fool article noted that while C3.ai has plenty of potential and room to grow, the stock is too expensive at 85 times last year's sales. Even if revenue doubles, it would still be more expensive than Palantir Technologies Inc (NYSE:PLTR), which trades at roughly 30 times next year's sales.

C3.ai Draws Mixed Reviews One Month Post-IPO
 

Related Articles

Factbox-U.S. companies brace for Hurricane Ian
Factbox-U.S. companies brace for Hurricane Ian By Reuters - Sep 28, 2022

(Reuters) - Hurricane Ian is set to make landfall in Florida on Wednesday, pushing residents to empty grocery shelves, board up windows and rush to evacuation shelters. Ian has...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email