2 days ago
C3.ai Stock Price Target Slashed By Oppenheimer After Brutal Q1 Miss
(NYSE:AI) shares wavered Wednesday after Oppenheimer cut its rating to Perform from Outperform, citing a sharp miss in preliminary fiscal Q1 2026 numbers.
The firm also pulled its $45 price target, flagging a revenue drop from about $105 million to roughly $70 million a 35% sequential decline that raises questions about the stickiness of its subscription business. Non-GAAP operating loss guidance widened to ?$58 million from ?$29 million.
Warning! GuruFocus has detected 5 Warning Signs with AI.
Analyst Timothy Horan warned the trends could point to secular weakness and slashed full-year revenue estimates to $291 million from $464 million. set to report full results Sept. 3, said it has overhauled its global sales and services unit and named new leaders, but admitted Q1 sales were completely unacceptable.
CEO Thomas Siebel, who is stepping down due to health reasons, stressed the restructuring was needed to get performance back on track. The enterprise AI software provider's stock was still up about 5% midday, reflecting some hope the upcoming earnings call might provide reassurance.
This article first appeared on GuruFocus.
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