C3.ai price target lowered to $20 from $30 at DA Davidson

DA Davidson lowered the firm’s price target on C3.ai to $20 from $30 and keeps a Neutral rating on the shares. The company reported a mixed quarter with total revenue growth accelerating while subscription revenue declined quarter-over-quarter, the analyst tells investors in a research note. The firm says C3.ai “continues to convey a large opportunity ahead of it and is focused on growing total revenue.” However, it believes the shares fully reflect current growth prospects for the company.