WestPark Capital Initiates Coverage of C3.ai with a Buy Recommendation
On July 9, 2025, WestPark Capital initiated coverage of C3.ai (NYSE: AI) with a “Buy” recommendation. This move has sparked interest among investors, especially given the analyst price forecast that suggests a potential 14.25% upside for the stock.
Analyst Price Forecast and Market Outlook
As of June 20, 2025, the average one-year price target for C3.ai stands at $30.13 per share. The range of forecasts varies from a low of $15.15 to a high of $52.50. With the latest reported closing price at $26.37 per share, this average price target represents a significant increase of 14.25%. Investors are closely watching how the company performs in the coming months, as the projected annual revenue is expected to reach $430 million, reflecting a 10.42% growth. However, the projected annual non-GAAP EPS remains negative at -0.15.
Fund Sentiment and Institutional Activity
Institutional investors have shown mixed activity regarding their positions in C3.ai. There are currently 549 funds or institutions reporting positions in the company. This number marks a decrease of 23 owners or 4.02% compared to the previous quarter. Despite this, the average portfolio weight of all funds dedicated to AI has increased by 66.35%, reaching 0.08%.
Total shares owned by institutions have also seen a decline over the last three months, dropping by 4.98% to 72,290K shares. Additionally, the put/call ratio for AI is 0.27, which signals a bullish outlook for the stock. This ratio indicates that more investors are optimistic about the future performance of C3.ai.
Major Shareholders and Their Actions
Several major shareholders have made notable changes in their holdings of C3.ai. Voya Investment Management holds 3,912K shares, representing 2.99% ownership of the company. In its prior filing, the firm reported owning 5,584K shares, indicating a decrease of 42.75%. The firm also reduced its portfolio allocation in AI by 76.60% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 3,535K shares, representing 2.70% ownership. The firm previously reported owning 3,479K shares, showing an increase of 1.59%. However, it decreased its portfolio allocation in AI by 35.19% over the last quarter.
IWM – iShares Russell 2000 ETF holds 2,986K shares, representing 2.28% ownership. The firm’s previous filing showed 2,978K shares, marking an increase of 0.29%. It also reduced its portfolio allocation in AI by 30.72% over the last quarter.
NAESX – Vanguard Small-Cap Index Fund Investor Shares holds 2,823K shares, representing 2.16% ownership. The firm previously reported owning 2,832K shares, which shows a slight decrease of 0.32%. The firm also reduced its portfolio allocation in AI by 33.94% over the last quarter.
Geode Capital Management holds 2,656K shares, representing 2.03% ownership. The firm previously reported owning 2,530K shares, showing an increase of 4.76%. Despite this, the firm decreased its portfolio allocation in AI by 65.54% over the last quarter.
About C3.ai
C3.ai, Inc. is a leading provider of enterprise AI software designed to accelerate digital transformation. The company offers a family of fully integrated products, including the C3 AI® Suite, which serves as an end-to-end platform for developing, deploying, and operating large-scale AI applications. Additionally, C3 AI Applications provide industry-specific SaaS AI applications, while C3 AI CRM delivers industry-specific CRM applications powered by AI and machine learning. C3 AI Ex Machina is a no-code AI solution that allows businesses to apply data science to everyday problems.
The core of C3 AI’s offering is an open, model-driven AI architecture that simplifies data science and application development. This technology enables organizations to leverage AI more effectively and efficiently across various business functions.