KeyBanc downgraded c3.ai stock due to unfavorable risk/reward ratio, predicting downside

From Stocktwits: 2024-12-19 20:38:23

KeyBanc downgraded c3.ai stock due to unfavorable risk/reward ratio, with a $29 price target, predicting nearly 30% downside. The company’s enterprise value multiples are higher than its growth peers. Subscription revenue growth declined by 1% in the second quarter, raising concerns about future performance. The risk increases if key agreements with Baker Hughes and Microsoft do not yield expected results. Despite a beat-and-raise quarter, retail sentiment on Stocktwits remains bearish. The stock price fell 9.95% to $35.74, with above-average volume. The year-to-date increase is about 38%. Retail investors are cautious, anticipating a pullback to $22.



Read more at Stocktwits: Retail Stays In Bearish Camp