Piper Sandler lowered its price target on C3.ai, Inc. (NYSE:AI) to $27 from $28 on May 29 while maintaining a Neutral rating on the stock. The modest adjustment follows the company’s fiscal fourth-quarter results, which offered a mixed but generally steady performance.
According to the firm, C3 AI reported revenue in line with expectations, while its operating loss and earnings per share came in ahead of estimates. The better-than-anticipated bottom-line results reflect some signs of improved cost control, though Piper emphasized that consistency remains a key concern.
“While profitability metrics were encouraging this quarter, we’re still looking for more reliable execution across the board,” the note to investors stated. C3.ai, Inc., which provides enterprise AI software for a range of industries, has struggled to maintain momentum amid intensifying competition and evolving customer priorities. The firm acknowledged the company’s ongoing efforts to streamline operations but expressed hesitation in shifting to a more optimistic view until those efforts translate into a clear, sustained growth pattern.
The lowered price target reflects what Piper sees as limited near-term upside, especially given the stock’s volatility and broader market scrutiny of AI-related names. Still, the firm stopped short of a downgrade, signaling that C3 AI retains potential—if it can deliver more predictable results in the quarters ahead.
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