C3 AI price target raised to $32 from $21 at Morgan Stanley

Morgan Stanley raised the firm’s price target on C3 AI (AI) to $32 from $21 and keeps an Underweight rating on the shares. C3 AI accelerated total revenue growth for the seventh quarter in a row to 29% year-over-year, notes the analyst. While what it calls a “less-attractive” revenue growth and margin profile keeps the firm Underweight for now, the analyst adds that the company’s new alliance with Microsoft (MSFT) is “compelling.”