"Shares of C3.ai ( NYSE:AI | AI Price Prediction) caught a modest vote of confidence from Canaccord Genuity on May 13, as the firm raised its price target to $8 from $7 while keeping a Hold rating. The revision follows the release of preliminary Q4 FY2026 results and the announcement that Chairman Tom Siebel will resume his role as chief executive officer. For prudent investors, the call signals cautious acknowledgement that founder leadership and a stabilizing top line may finally be limiting the downside in C3.ai stock."
"The price target raise is small in dollar terms, but the symbolism is larger. Siebel, who built Siebel Systems before founding C3.ai, is stepping back into operational control of a company whose stock has badly lagged the broader enterprise AI trade. Siebel previously stepped aside in September 2025, citing unanticipated health issues and handed the role to Stephen Ehikian. A founder return often coincides with a critical strategic moment, and Canaccord appears to view it as a stabilizer after a brutal restructuring stretch."
"C3.ai sells enterprise AI applications and the C3 Agentic AI Platform, with subscription revenue representing roughly 90% of the mix in Q3 FY2026. Federal and defense work has been the bright spot, with federal bookings up 134% year over year in Q3 FY2026, accounting for 55% of total bookings. The pressure points are equally clear. C3.ai's Q3 FY2026 revenue fell 46% year over year to $53.26 million, and management announced a 26% workforce reduction targeting roughly $135 million in annual operating expense savings."
Canaccord Genuity increased its C3.ai price target to $8 from $7 while maintaining a Hold rating after preliminary Q4 FY2026 results and the announcement that Chairman Tom Siebel would resume the CEO role. The change follows Siebel’s earlier step back in September 2025 due to health issues, when Stephen Ehikian took over. C3.ai provides enterprise AI applications and an agentic AI platform, with subscription revenue making up about 90% of Q3 FY2026 revenue mix. Federal and defense bookings rose 134% year over year in Q3 FY2026 and represented 55% of total bookings. Revenue declined 46% year over year to $53.26 million in Q3 FY2026, and management announced a 26% workforce reduction aimed at $135 million in annual operating expense savings.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]