KeyBanc lowered the firm’s price target on C3 AI (AI) to $10 from $18 and keeps an Underweight rating on the shares following a significant Q1 miss, consistent with the pre-announcement, which management attributes to the significant sales reorganization and CEO Tom Siebel’s health issues. The firm notes Q2 guided significantly below, as well. While FY26 guidance was withdrawn, management was comfortable with revenue estimates between $290M-$300M.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AI:
- C3ai: Hold Rating Amid Weaker FY26 Outlook and Uncertain Growth Prospects
- C3 AI says ‘would not argue’ with consensus revenue range $290M-$300M for FY26
- C3 AI price target lowered to $24 from $30 at Citizens JMP
- C3.ai Reports Q1 2026 Results Amid Leadership Changes
- Closing Bell Movers: Salesforce falls despite Q2 earnings beat