DA Davidson Lowers C3.ai Price Target to $7

DA Davidson analyst Lucky Schreiner lowered the price target on C3.ai (NYSE: AI) to $7.00 (from $13.00) while maintaining an Underperform rating.

“C3.ai reported 3Q26 earnings well below consensus expectations while significantly reducing its FY26 guide sending shares lower after hours.

The primary source of the miss was the loss of demonstration license revenue though subscription revenue continues to decline as well.

To better align its cost structure, C3.ai announced a 26% reduction of headcount and other non-employee cost savings.

Given the outlook for revenue growth to decline more significantly, we maintain our UNDERPERFORM rating and reduce our price target to $7.”

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