C3.ai initiated with a Buy at DA Davidson

DA Davidson analyst Gil Luria initiated coverage of C3.ai with a Buy rating and $30 price target. C3.ai is "a truly scarce asset in a critical software arena," said the firm, which views the emergence of generative AI as a "killer app" for Artificial Intelligence. This gives C3.ai the opportunity to monetize its considerable investment and track record in the field of AI, according to the firm.