C3.ai Inc (NYSE:AI) shares rose in early trading on Thursday, after the company on Wednesday reported upbeat fiscal second-quarter results.

• AI shares are advancing steadily. Watch the momentum here.

Here are some key analyst takeaways:

Wedbush analyst Dan Ives reaffirmed an Outperform rating and price target of $20.

Canaccord Genuity analyst Kingsley Crane reiterated a Hold rating and price target of $16.

DA Davidson analyst Lucky Schreiner reaffirmed an Underperform rating and price target of $13.

Needham analyst Mike Cikos maintained a Hold rating on the stock.

Check out other analyst stock ratings.

Wedbush: C3.ai reported total revenue of $75.1 million, missing the midpoint of its guidance range but coming in above consensus of $74.9 million, Ives said in a note. Under the leadership of new CEO Stephen Ehikian, the company is looking to "turn the ship around following its disastrous execution last quarter," he wrote.

There was momentum in C3.ai's federal business in the third quarter, despite the prolonged government shutdown, the ...