C3 AI price target lowered to $30 from $32 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on C3 AI (AI) to $30 from $32 and keeps an Underweight rating on the shares. Revenue growth moderated slightly after seven quarters of acceleration, while Q4 revenue guidance was also inline at the midpoint, but with “a much wider range” given Fed uncertainty, the analyst tells investors. The key debate after earnings is whether ramping partnerships with Microsoft (MSFT) and Amazon’s (AMZN) AWS can offset any headwind from Baker Hughes (BKR), the analyst added.