These Analysts Slash Their Forecasts On C3.ai Following Q1 Results

Core Insights - C3.ai Inc reported a wider-than-expected loss for the first quarter, with revenue of $70.26 million, missing analyst estimates of $94.58 million, and an adjusted loss of 37 cents per share, compared to the expected loss of 20 cents per share [1][2] Company Performance - The chairman of C3.ai, Thomas Siebel, acknowledged the unacceptable financial performance in Q1 but highlighted a complete restructuring of the sales and services organization, including new leadership, aimed at accelerating growth and enhancing customer success [2] - Following the earnings announcement, C3.ai shares fell by 4.2%, trading at $15.98 [3] Analyst Ratings and Price Targets - Keybanc analyst Eric Heath maintained an Underweight rating on C3.ai and lowered the price target from $18 to $10 [5] - JMP Securities analyst Patrick Walravens maintained a Market Outperform rating but reduced the price target from $30 to $24 [5] - UBS analyst Radi Sultan maintained a Neutral rating and lowered the price target from $23 to $16 [5]