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Top related persons:
Thomas Siebel - 1 Pinjalim Bora - 1 Bora - 1 Medha Singh - 1 Krishna Chandra - 1
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Redwood City , California Bengaluru
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☆ C3.ai falls after AI-play drops profit target
  + stars: | 2023-09-07 | by ( ) www.reuters.com   time to read: +2 min
The $3.71 billion stock, among the small-cap AI firms that have benefited from excitement around Generative AI sparked by the success of ChatGPT, has surged about 180% so far this year. However, the Redwood City, California-based company scrapped its target to achieve quarterly profit by April 30, 2024 as it looks to invest in its Generative AI solutions. "After careful consideration... we have made the decision to invest in lead generation, branding, market awareness and customer success related to our Generative AI solutions," said CEO Thomas Siebel. Shares are down 21% since early June when the company's disappointing quarterly revenue forecast dented some of the recent euphoria around artificial intelligence-linked stocks. Reporting by Medha Singh in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.
Persons: Thomas Siebel, Pinjalim Bora, Bora, Medha Singh, Krishna Chandra Organizations: Thomson Locations: Redwood City , California, Bengaluru
☆ JPMorgan says this resilient software stock can rally more than 25% even if the economy worsens
  + stars: | 2022-12-12 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
Monday.com has navigated a tightening economy well so far, JPMorgan said Monday, noting that the software stock's price is a good entry point for long-term investors. Analyst Pinjalim Bora upgraded the stock to overweight from neutral and increased his price target by $10 to $140. Bora originally had concerns about what a worsening economic backdrop would mean for share value, though fears have been mitigated by recent performance. Down 64.4% compared with the start of 2022, he said the stock is at an "attractive entry point" for long-term investors. Compared with direct peers Smartsheet and Asana , Bora said Monday.com has the fastest revenue growth and an "elite" margin profile.
☆ JPMorgan upgrades Box, says cloud stock can rally 20% on strong financials and product suite
  + stars: | 2022-12-12 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
Box is bucking the trend among technology names and stands to keep outperforming going forward, according to JPMorgan. Analyst Pinjalim Bora upgraded the software-as-a-service stock to overweight from neutral. The new target represents upside of 20% from Friday's close. The move follows the upgrade to neutral from underweight in March as the stock has continued to outperform the broader software sector, as measured by the iShares Expanded Tech-Software Sector ETF (IGV) . Growth should slow next year along with the broader software market, he said, but should still show a "double-digit" increase year over year.
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