Advertisement
Australia markets closed

  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     

  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     

  • AUD/USD

    0.6523
    +0.0023 (+0.36%)
     

  • OIL

    82.99
    +0.18 (+0.22%)
     

  • GOLD

    2,334.60
    -3.80 (-0.16%)
     

  • Bitcoin AUD

    98,167.66
    -4,179.98 (-4.08%)
     

  • CMC Crypto 200

    1,387.75
    +5.18 (+0.37%)
     

  • AUD/EUR

    0.6084
    +0.0013 (+0.22%)
     

  • AUD/NZD

    1.0949
    +0.0007 (+0.07%)
     

  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     

  • NASDAQ

    17,526.80
    +55.33 (+0.32%)
     

  • FTSE

    8,078.32
    +37.94 (+0.47%)
     

  • Dow Jones

    38,460.92
    -42.77 (-0.11%)
     

  • DAX

    17,995.86
    -92.84 (-0.51%)
     

  • Hang Seng

    17,263.34
    +62.07 (+0.36%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

4 big analyst picks: C3.ai upgraded on AI mega-trend

Investing.com
·2-min read

Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at C3.ai, Chevron, Domino’s Pizza, and The Trade Desk.

InvestingPro subscribers got this news first. Never miss another market-moving headline.

C3.ai upgraded following Q4 earnings, shares plunge on soft guidance

Wedbush upgraded C3.ai (NYSE:AI) to Outperform from Neutral and raised its price target to $50.00 from $24.00 following Q4 earnings, as InvestingPro reported in real time.

While Q4 EPS and revenue came in better than the consensus estimates, the soft outlook disappointed investors. As a result, shares fell more than 13% yesterday.

ADVERTISEMENT

According to the firm, C3.ai has turned a corner and is ready to now capitalize on the $800 billion AI transformational opportunity over the next decade with use cases increasing across the board. Furthermore, Wedbush noted that the company is in a unique position to help lead the charge and monetize this looking ahead the next 12 to 18 months.

Chevron earns another upgrade

RBC Capital upgraded Chevron (NYSE:CVX) to Outperform from Sector Perform and raised its price target to $180.00 from $165.00, noting that the PDC Energy (NASDAQ:PDCE) deal re-rates the company's FCF yield higher.

Looking forward, the bank believes the macro environment is likely to remain volatile, however, weaker end product demand and OPEC+ managing the oil market leaves the company’s upstream heavy weighting well-placed.

Earlier this week, JPMorgan upgraded the company to Neutral from Underweight with a price target of $170.00 (from $161.00).

2 more upgrades

Domino’s Pizza (NYSE:DPZ) shares rose more than 2% yesterday after JPMorgan upgraded the company to Overweight from Neutral and raised its price target to $360.00 from $340.00.

Morgan Stanley upgraded The Trade Desk (NASDAQ:TTD) to Overweight from Equalweight with a price target of $90.00, noting that the company is driving and benefiting from growth in CTV and retail media advertising.

As a result, shares closed more than 4% higher yesterday and gained around 3% pre-market today.

Amid an endless firehose of market headlines, jump on the most important ones to fatten your profits: Always be the first to know with InvestingPro.

Start your free 7-day trial now.

Related Articles

4 big analyst picks: C3.ai upgraded on AI mega-trend

Lululemon shares surge as consumers snap up pricier athletic wear

VMware reports first quarter revenue miss despite subscription service strength