Canaccord Raises C3.ai Price Target to $8
Canaccord analyst David Hynes Jr. raised the price target on C3.ai (NYSE: AI) to $8.00 (from $7.00) while maintaining a Hold rating.
“We’re raising our PT to $8 (from $7), reflecting 3.3x EV/CY27E sales (vs. 2.6x EV/CY27E sales), while reiterating our HOLD rating. We view Mr.
Siebel’s return to CEO as incrementally positive for reported revenue next year.
Despite limited visibility into improving growth trends, and FY27 shaping up to be a very difficult year to demonstrate yoy growth given the sharp sequential 2H’26 decline in run rate revenue, the market remains optimistic regarding C3’s ability to right the ship and re-accelerate.
Broad-based demand for AI services paired with Siebel’s proven track record driving sales for the company inform our marginally improved assigned multiple.”
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