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C3.ai Hits 'Bump In The Road': 5 Analysts Weigh Strong AI Demand Against Margin Pressures, Subscription Weakness

Benzinga LogoBenzinga12h ago

C3.ai Hits 'Bump In The Road': 5 Analysts Weigh Strong AI Demand Against Margin Pressures, Subscription Weakness - Benzinga

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See Also: Nvidia Takes A Page From Apple’s Playbook: Jensen Huang Wants AI Stalwart To Go Beyond Chips And Be One-Stop Shop For Data Center Clients

Wedbush: In a new note to clients, Ives explained that the company’s better-than-expected revenue and earnings numbers are being overlooked due to a change in how software and services revenue is reported, which is going to impact subscription and services growth moving forward.Looking ahead, C3.ai expects to generate negative free cash flow in the coming quarters, but anticipates positive ...

Piper Sandler analyst Arvind Ramnani maintained a Neutral rating on C3.ai and lowered the price target from $29 to $24

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Article Details

Author / Journalist: Adam Eckert

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-05 @ 16:07:38 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 629 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22377661

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