Canaccord Raises C3.ai Price Target as Tom Siebel Returns as CEO
Canaccord Genuity raised its price target for C3.ai (AI) to $8 from $7 while keeping a Hold rating, after the company released preliminary Q4 FY2026 results and announced founder Tom Siebel's return as CEO.
Key Numbers
Canaccord Genuity raised its price target for C3.ai (NYSE:AI) to $8 from $7, maintaining 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 CEO.
Rating Change Details
| Item | Previous Value | New Value |
|---|---|---|
| Price Target | $7 | $8 |
| Rating | Hold | Hold |
Analyst Rationale
Canaccord analysts believe Tom Siebel's return to the CEO role could boost investor confidence in the company's strategy. The preliminary Q4 results also showed improved financial performance, prompting a modest price target increase. However, the Hold rating suggests analysts are waiting for more evidence of sustainable growth.
Context
Tom Siebel, founder of C3.ai, returns to lead the company as it seeks to strengthen its position in the competitive AI market. The company has not yet released full Q4 financial results, but preliminary estimates indicate better-than-expected performance. Meanwhile, C3.ai's stock still trades well below its IPO price of $42.
What to Make of It
The price target increase reflects cautious optimism from Canaccord, but the Hold rating indicates that risks remain. Investors are closely watching the full Q4 results and management's guidance for FY2027 to assess the company's trajectory.
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