C3AI (AI, Financial) and Baker Hughes have extended and broadened their collaboration agreement, continuing their partnership until June 2028. This strategic alliance focuses on the development, delivery, and promotion of Enterprise AI solutions tailored for the oil, gas, and chemical sectors. Originally formed in 2019, this venture has successfully implemented their AI technologies with prominent companies such as Shell, Eni, QatarEnergy LNG, Petronas, ExxonMobil, LyondellBasell, and Flint Hills Resources.
The partnership has proven instrumental in enhancing operational efficiencies, minimizing unplanned downtimes, and improving overall operational transparency for their clients. Furthermore, C3AI will persist in offering its AI solutions internally for Baker Hughes. Baker Hughes plans to expand its use of specific C3AI technologies, including the C3 AI Sourcing Optimization, C3 AI Inventory Optimization, and the C3 AI Sustainability Suite, reinforcing its operational capabilities and sustainability goals.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for C3.ai Inc (AI, Financial) is $30.46 with a high estimate of $56.00 and a low estimate of $15.00. The average target implies an upside of 32.32% from the current price of $23.02. More detailed estimate data can be found on the C3.ai Inc (AI) Forecast page.
Based on the consensus recommendation from 15 brokerage firms, C3.ai Inc's (AI, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for C3.ai Inc (AI, Financial) in one year is $35.74, suggesting a upside of 55.26% from the current price of $23.02. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the C3.ai Inc (AI) Summary page.
