The artificial intelligence sector has been experiencing rapid growth and transformation, attracting significant investor interest in recent years. However, navigating the volatility and challenges faced by AI firms remains a crucial concern for stakeholders.
Shares of C3.ai Inc (NYSE:AI) were down in early trading on Thursday, after the company reported disappointing fiscal first-quarter results.
- AI shares are retreating from recent levels. Get the scoop here.
Here are some analyst takeaways.
- Citizens JMP Securities analyst Patrick Walravens reiterated a Market Outperform rating, while reducing the price target from $30 to $24.
- Needham analyst Mike Cikos maintained a Hold rating on the stock.
Check out other analyst stock ratings.
Citizens JMP Securities: The company reported disappointing quarterly results, with revenue of $70.3 million missing the …