It’s been an exciting 2023 for chatbot AI and enterprise AI platforms. With the continued rise of ChatGPT and OpenAI‘s GPT–3 series language model, it‘s no surprise that C3.ai Inc. (AI:NYE) has seen a 35% jump in stock prices.
The company‘s launch of the C3 Generative AI Product Suite in March, incorporating ChatGPT and GPT–3, as well as its consumption–based pricing model, has made C3.ai a key benefactor of the growing AI trend.
C3.ai‘s President, Thomas Siebel, believes “this technology breakthrough can help dissolve the biggest barrier to effective action, which is access to timely, accurate information and insight at all levels of the organization.” With the weekly chart showing a descending triangle, followed by a rounding bottom, and now a cup and handle setup, AI stock looks ready to break out and rally.
C3 Ai Stock Analysis:
Based on the C3 Ai Inc stock forecasts from 10 analysts, the average analyst target price for C3 Ai Inc is USD 16.00 over the next 12 months. C3 Ai Inc’s average analyst rating is Hold.
Stock Target Advisor’s own stock analysis of C3 Ai Inc is Slightly Bullish, which is based on 6 positive signals and 4 negative signals. At the last closing, C3 Ai Inc’s stock price was USD 25.88. C3 Ai Inc’s stock price has changed by +45.64% over the past week, +139.41% over the past month, and +2.78% over the last year.
C3.ai, Inc. operates as an enterprise artificial intelligence (AI) software company in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally.
The company was formerly known as C3 IoT, Inc. and changed its name to C3.ai, Inc. in June 2019. C3.ai, Inc. was incorporated in 2009 and is headquartered in Redwood City, California.