C3.ai (NYSE:AI) Given New $32.00 Price Target at Morgan Stanley

C3.ai (NYSE:AI) had its target price increased by Morgan Stanley from $21.00 to $32.00 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has an underweight rating on the stock.

AI has been the topic of several other research reports. JMP Securities restated a “market outperform” rating and set a $40.00 target price on shares of C3.ai in a research note on Thursday, September 5th. DA Davidson increased their target price on C3.ai from $20.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Piper Sandler dropped their target price on C3.ai from $29.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Piper Sandler Companies reaffirmed a “neutral” rating and set a $24.00 price target on shares of C3.ai in a research report on Thursday, September 5th. Finally, Northland Securities raised their price objective on shares of C3.ai from $35.00 to $45.00 and gave the stock an “outperform” rating in a report on Tuesday. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $34.60.

C3.ai Stock Up 0.2 %

Shares of NYSE AI opened at $41.76 on Tuesday. The firm has a market cap of $5.30 billion, a P/E ratio of -18.90 and a beta of 1.99. C3.ai has a twelve month low of $18.85 and a twelve month high of $45.08. The company has a 50 day moving average of $29.47 and a 200 day moving average of $27.39.

Institutional Investors Weigh In On C3.ai

A number of institutional investors have recently bought and sold shares of the business. Hobbs Group Advisors LLC bought a new position in shares of C3.ai in the second quarter worth about $29,000. Unique Wealth Strategies LLC purchased a new position in C3.ai in the 2nd quarter worth approximately $28,000. Blue Trust Inc. boosted its stake in C3.ai by 148.9% in the 2nd quarter. Blue Trust Inc. now owns 1,028 shares of the company’s stock worth $28,000 after purchasing an additional 615 shares during the period. JTC Employer Solutions Trustee Ltd purchased a new stake in C3.ai during the 3rd quarter valued at approximately $25,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of C3.ai by 311.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,050 shares of the company’s stock valued at $30,000 after buying an additional 795 shares during the last quarter. Hedge funds and other institutional investors own 38.96% of the company’s stock.

About C3.ai

C3.ai, Inc operates as an enterprise artificial intelligence (AI) software company in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company provides C3 AI platform, an application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications; C3 AI Ex Machina for analysis-ready data; C3 AI CRM, an industry specific customer relationship management solution; and C3 Generative AI Product Suite that enables to locate, retrieve, and present information.