Freedom Broker Reiterates Hold on C3.ai, $9 PT

Freedom Broker analyst Almas Almaganbetov reiterated a Hold rating and $9.00 price target on c3.ai (NYSE: AI).

“C3.ai (AI) reported FQ4’26 results that technically exceeded lowered market expectations but fundamentally confirmed a deep operational crisis.

The severe 53% YoY collapse in consolidated sales was driven by chronically weak sales execution rather than a lack of enterprise AI demand or customer churn.

In an attempt to stabilize its rapidly cash- burning business model, management launched a harsh restructuring, cutting 35% of its workforce and completely rewriting its go-to-market (GTM) strategy to target the mass market.

Given the collapse in gross margin to 37%, an atypical level for the SaaS industry, and the status of FY27 as a highly uncertain transition period, we maintain our conservative view on the stock.

We reiterate our Hold rating and $9 PT.”