C3 AI price target raised to $55 from $40 at JMP Securities

JMP Securities raised the firm’s price target on C3 AI (AI) to $55 from $40 and keeps an Outperform rating on the shares. The company announced better-than-expected Q2 results, with adjusted EPS of (6c) vs. the (16c) consensus on revenue of $94.3M, up 29% year over year, and subscription revenue of $81.2M, up 22% y/y, the analyst tells investors in a research note. While C3 AI (AI) continues to face a number of risks, including its dependency on Baker Hughes (BKR), which has represented about 20% of FY25 revenue and whose current contract expires in June 2025, overall JMP says it continues to like this story.