C3.AI Stock Forecast: Will C3 AI Stock Reach $50?

C3.AI Stock Forecast: The 12-month price prediction for C3.AI is $37 (Average of 4 Analysts)

Latest C3.AI Stock News

  • C3.ai, Inc. has introduced the C3 Generative AI Suite, which includes 28 new domain-specific generative AI solutions. These offerings are designed to cater to the specific requirements of various industries, business processes, and enterprise systems.

C3. AI Stock Forecast Today

UTC: Oct 3rd, 2023 05:45 PM
Overall OutlookPartially Bearish
1. Market's WisdomPartially Bearish
1a. Market DataNeutral
1b. Technical RecommendationSell
2. Crowd's WisdomNeutral
2a. Social Media BuzzSteady
2b. Social Media SentimentSteady

C3.AI Stock Forecast: 12-Month Target

Average Price Target$37
Northland Securities$40
JMP Securities$40
Piper Sandler$26

C3.AI Stock Performance

  • Last 6 Months: +17.9%
  • Last 12 Months: +160.8%
  • Year To Date: +38.5%

C3.AI Financial Results

Fiscal First Quarter 2024 Financial Highlights

  • Total revenue for the quarter reached $72.4 million, which was at the high end of the expected range of $70.0 million to $72.5 million.
  • Subscription revenue made up a significant portion, accounting for $61.4 million or 85% of the total revenue.
  • The gross profit, according to GAAP standards, amounted to $40.5 million, reflecting a gross margin of 56%. When measured using non-GAAP standards, the gross profit was $49.6 million, with a non-GAAP gross margin of 69%.
  • The company had Remaining Performance Obligations (RPO) of $334.6 million, and Current RPO stood at $170.6 million.
  • In terms of net loss per share, it was $(0.56) as per GAAP and $(0.09) on a non-GAAP basis.
  • The company held a healthy cash balance of $809.6 million in cash, cash equivalents, and investments.
  • Operating cash flow generated $3.9 million, while free cash flow was negative at $(8.9) million.

C3.AI Stock Forecast: Macros

The size of the global market for business software and services is anticipated to increase at a CAGR of 11.9% from 2023 to 2030. The rapid growth in enterprise data volume and the rising automation of business processes across end-use industries like retail, manufacturing, healthcare, and transportation are predicted to be the main drivers of demand for business software and services.

The market is also anticipated to gain from the rising deployment of corporate software and services across IT infrastructure to support better decision-making, inventory cost reduction, greater profitability, and enhanced market position for enterprises. The market demand is being fueled by various businesses’ global business expansion ambitions. Expect to see an increasing number of developers working with AI-generated code in 2023.

Additionally, the hype surrounding blockchain technology is waning, and coding for it was never really that interesting or specialized, to begin with. This is because the originality of blockchain-based apps comes more from the design of the blockchain itself than from the logic of the software that interacts with it.

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Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions.