Morgan Stanley Lowers C3.AI’s Price Target to $11

Morgan Stanley analyst Sanjit Singh lowered on September 9, 2025, the price target on C3.ai to $11 (from $22), while maintaining a ‘Underweight’ rating on the stock.

The firm cut its estimates “to reflect the new growth trajectory and margin profile,” maintaining the same 27x free cash flow multiple but applying it to significantly lower forecasts.

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