Sep 03, 2025 Morning, C3.ai, Inc.
Final Report: C3.ai (NYSE: AI)
Executive Summary
C3.ai, Inc. (NYSE: AI) is a leading enterprise AI application software company with a market capitalization of $2.31 billion (as of the latest data). The stock closed at $16.82 on September 2, 2025 (Refinitiv data), though this date appears to be a placeholder/future error. The 52-week price range is $14.70–$45.08, with a beta of 1.97, indicating higher volatility than the market.
Company Overview
Company Name: C3.ai, Inc.
Stock Symbol: NYSE: AI
Founded: 2009 (rebranded from C3 IoT in 2019)
Headquarters: Redwood City, CA
Industry: Software - Infrastructure (Technology Sector)
Key Products/Services:
- C3 Agentic AI Platform: Enterprise application development and runtime environment.
- C3 AI CRM Suite: Industry-specific customer relationship management.
- C3 Generative AI: Data integration and information retrieval across systems.
- C3 AI Applications: Solutions for asset performance, supply chain, sustainability, defense, healthcare, and financial services.
Strategic Partnerships: Microsoft Azure, AWS, Google Cloud, McKinsey & Company, Baker Hughes.
Financial Analysis
Market Data (as of Refinitiv, delayed):
- Current Price: $16.82
- 52-Week High/Low: $45.08 / $14.70
- Trading Volume: 151,923 (latest session)
- Market Cap: $2.31B
- P/E Ratio: N/A (no earnings)
- Beta: 1.97 (high volatility vs. market)
Business Model:
- Revenue is primarily generated through subscriptions to AI applications and cloud-based services.
- Focus on enterprise clients in healthcare, defense, finance, and energy.
Valuation & Investment Thesis
Discounted Cash Flow (DCF) Analysis:
- Estimated fair value range: $13.45–$19.98 (per recent analysis).
- Current price of $16.82 is near the midpoint of this range.
Catalysts for Growth:
- Partnerships: Collaboration with McKinsey & Company to scale AI solutions.
- Product Expansion: Generative AI tools for government and healthcare (e.g., C3 AI Health Suite).
- Earnings Momentum: Q2 2025 earnings call (September 2025) may highlight revenue growth.
Risks:
- High beta (1.97) suggests sensitivity to market downturns.
- Morgan Stanley maintains an "Underweight" rating due to valuation concerns.
Risk Analysis
- Market Risk: High beta (1.97) correlates with increased volatility.
- Regulatory Risk: AI governance and data privacy laws could impact operations.
- Competitive Risk: Rivals like Google Cloud, AWS, and Microsoft Azure are investing heavily in AI.
Financial Snapshot
As of September 03, 2025