Oppenheimer lowered the firm’s price target on C3 AI (AI) to $45 from $56 and keeps an Outperform rating on the shares. The firm notes C3 AI reported Q4 revenue of $108.7M, up 26% year-over-year, a -160bps miss. Subscription revenue of $87.3M missed Oppenheimer’s expectations, though professional services revenue of $21.4M exceeded its estimates.
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