Morgan Stanley analyst Sanjit Singh raised the firm's price target on C3 AI to $7 from $6 and keeps an Underweight rating on the shares. C3 promises a return to growth and significant profitability as founder Tom Siebel returns to CEO role, the analyst noted. However, with few details on how a turnaround will unfold, the firm says Q4 results "underscore that generating bookings remains a challenge."
