Wolfe Research Reiterates Underperform Rating on C3.ai

Wolfe Research analyst Gal Munda reiterated an Underperform rating and $6.00 price target on C3.ai (NYSE: AI).

“Our Take.

While C3.AI is taking action to fix execution issues that management described as “completely unacceptable,” we don’t think the slightly higher FY27 revenue guide increases confidence in operations improving, as weak deal activity and little color from management on demonstration license revenue in FY27 leave us uncertain on the revenue quality embedded in guidance.

We reiterate our UP rating and $6 PT and would look for clearer evidence that restructuring is translating into improved agreement activity and core subscription revenue growth.”

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