C3.ai in Talks to Merge with Automation Anywhere
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 18h ago
0mins
Source: Benzinga
- Merger Talks: C3.ai is reportedly in discussions to merge with Automation Anywhere, which, if successful, would see the latter acquire C3.ai and go public, indicating strong interest in the enterprise AI sector.
- Financial Performance: The company recently reported a smaller-than-expected quarterly loss of $0.25 per share while slightly beating revenue estimates at $75.15 million, highlighting strong performance in its federal business as a key growth driver.
- Stock Volatility: C3.ai shares are currently trading at $13.24, approximately 4.2% above the 20-day simple moving average but 10.8% below the 100-day moving average, indicating short-term strength amidst longer-term weakness.
- Market Expectations: Investors are looking ahead to the upcoming earnings report on February 25, with an EPS estimate of a loss of $0.46 and a revenue estimate of $75.87 million, reflecting market uncertainty regarding the company's future performance.
Analyst Views on AI
Wall Street analysts forecast AI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AI is 30.45 USD with a low forecast of 18.00 USD and a high forecast of 50.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
4 Buy
6 Hold
3 Sell
Hold
Current: 12.600
Low
18.00
Averages
30.45
High
50.00
Current: 12.600
Low
18.00
Averages
30.45
High
50.00
About AI
C3.ai, Inc. is an enterprise artificial intelligence (AI) application software company. The Company has built a solution that enables its customers to rapidly develop, deploy, and operate enterprise AI applications. It offers families of software solutions, which it collectively refers to as its C3 AI software: The C3 AI Platform, C3 AI Applications, and C3 Generative AI. The C3 AI Platform, its core technology, is a comprehensive, end-to-end application development and runtime environment that is designed to allow its customers to rapidly design, develop, and deploy Enterprise AI applications of any type. Its C3 AI Applications, built using the C3 AI Platform, is a portfolio of pre-built, extensible, industry-specific, and application-specific software-as-a-service offerings (SaaS) Enterprise AI applications that can be rapidly installed and deployed. Its C3 Generative AI combines the utility of large language models, generative AI, reinforcement learning, natural language processing.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
