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Despite a higher price target, Morgan Stanley keeps a cautious view on C3.ai, which beat earnings estimates.
Morgan Stanley raised C3.ai's price target to $22.00 but maintains an underweight rating.
Despite this, C3.ai topped earnings expectations in its latest quarterly report, with earnings of ($0.16) per share, beating forecasts.
The stock has an average "Hold" rating and a target price of $29.46, according to MarketBeat.
Other firms like Oppenheimer and JPMorgan have also adjusted their targets, with mixed outlooks.
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A pesar de un objetivo de precio más alto, Morgan Stanley mantiene una opinión cautelosa sobre C3.ai, que superó las estimaciones de ganancias.