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  "docSlug": "72469199073c",
  "documentTitle": "C3.ai, Inc. (AI)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2022-02-16 00:00:00",
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      "text": "Spruce Point believes there is significant downside to C3's share price as investors begin to discount the value and continuation of the Baker Hughes relationship beyond 2025.",
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      "text": "Spruce Point believes there is significant downside to C3’s share price as investors begin to discount the value and continuation of the Baker Hughes relationship beyond 2025.",
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      "text": "Source: Bloomberg, Spruce Point Research. (1) Spruce estimate of valuation for all customers excluding Baker Hughes. (2) Present value of Baker Hughes remaining revenue contributions in FY23 through FY25...",
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      "text": "Price Target: $13.70",
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      "kind": "title",
      "text": "Spruce Point Estimates 40% To 50% Downside Over The Next 12 Months",
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