Northland analyst Michael Latimore raised the firm’s price target on C3 AI (AI) to $45 from $35 and keeps an Outperform rating on the shares. C3 posted “material revenue acceleration” in Q2, hitting 28.8% year-over-year growth versus 20.5% in Q1, notes the analyst, who adds that the company also “beat materially” on operating income expectations.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AI:
- C3 AI price target raised to $40 from $35 at DA Davidson
- Morning Movers: United Natural Foods surges following first quarter results
- C3 AI price target raised to $28 from $19 at JPMorgan
- C3 AI price target raised to $32 from $21 at Morgan Stanley
- C3 AI price target raised to $55 from $40 at JMP Securities