DA Davidson analyst Gil Luria raised the firm’s price target on C3 AI (AI) to $40 from $35 and keeps a Neutral rating on the shares. The company reported a “good” quarter with total revenue growth accelerating and healthy subscription revenue gains quarter over quarter, the analyst tells investors in a research note. C3.ai results continue to convey a “large opportunity”, and the company again plans to meaningfully increase the level of investment it makes to drive growth and capture market share, the firm added.
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