September 20, 2022 2:11 PM | 1 min learn
- Needham analyst Mike Cikos reiterated a Hold on C3.ai, Inc AI.
- He listened to final week’s C3 AI product demo, one among a number of application-specific webinars the corporate is internet hosting to make its merchandise extra accessible and clarify the expertise’s worth proposition.
- On September 2, Cikos downgraded the stock calling its shift towards a consumption mannequin “crucial however time-consuming.”
- For C3 AI CRM, he was impressed by the quantity of knowledge sources the corporate can ingest to tune and feed Machine-Studying fashions for use-cases similar to Precision Gross sales Forecasting and Value Optimization.
- The magnitude of enchancment by way of C3 AI CRM’s predictive analytics is spectacular. Nonetheless, deployment occasions want to hurry up from the present vary of 8 weeks to 6-plus months – relying on the customization required.
- To this finish, C3 AI has articulated its imaginative and prescient of migrating to a Consumption-based mannequin, which aligns with the pricing mannequin for the corporate’s rising strategic Alphabet Inc. GOOG GOOGL Google Cloud relationship.
- Additionally Learn: C3.ai Shifts From Subscription To Consumption Model, Analysts Highlight Massive Addressable Market Opportunity
- Value Motion: AI shares traded decrease by 3.49% at $13.54 on the final test Tuesday.
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