C3.ai Stock Soars on Strong Quarter Fueled by Deals with New Customers
• C3.ai stock surged after strong quarterly results showed booming demand for AI software • Revenue beat estimates; Wedbush raised price target from $35 to $40 • Company signed deals with major new customers like T-Mobile and Boston Scientific • C3.ai continues to post losses but should improve profitability as business grows • Analyst expects 15% revenue growth next year and positive free cash flow in 2025