Canaccord analyst David Hynes lowered the firm’s price target on C3 AI (AI) to $16 from $28 and keeps a Hold rating on the shares. The firm said after pre-announcing headline Q1 results nearly a month ago, most of today’s print doesn’t come as a surprise. That said, the confluence of materially lower non-GAAP gross margins the lack of clarity around a FY26 guide, and a generally sour tone on the call have combined to push shares lower.
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