DA Davidson Downgrades C3.AI to ‘Underperform’

DA Davidson analyst Lucky Schreiner lowered on August 11, 2025, the price target on c3.ai to $13 (from $25) and downgraded the rating on the Stock to ‘Underperform’ (from ‘Neutral’).

“We are downgrading AI from Neutral to UNDERPERFORM after the company reported preliminary results this past Friday after the close that came in significantly below guidance.

The company also announced a restructured sales and services organization bringing in new leaders across regions.

We have previously lacked conviction around the durability of growth given an increasing reliance on non-recurring revenue and suspect the preliminary results reflect this trend.

It is likely the business gets worse before it gets better from here. We lower our price target to $13.”

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