C3 AI price target lowered to $24 from $30 at Citizens JMP

Citizens JMP lowered the firm’s price target on C3 AI (AI) to $24 from $30 and keeps an Outperform rating on the shares. C3 AI reported “disappointing” Q1 results and withdrew its FY26 guidance due to the appointment of Stephen Ehikian as CEO and the restructuring of the sales organization, but pointed to a revenue range of $290M-$300M for FY26, the analyst tells investors in a research note. The firm views the stock as an attractive opportunity for long-term capital appreciation after the decline in the stock price.