C3.ai price target raised to $33 from $27 at Piper Sandler

Piper Sandler analyst Arvind Ramnani raised the firm’s price target on C3.ai to $33 from $27 and keeps a Neutral rating on the shares. The firm notes C3.ai posted solid Q3 revenue results with operating margins coming in much higher than the Street, however off of muted expectations. Alongside the earnings print, management announced that current CFO, Juho Parkkinen will step down, but stay with the company as VP of Finance.