C3.ai Receives Price-Target Cut To $10

On January 30, BofA Securities analyst Brad Sills lowered C3.ai's price target to $10 from $14 and kept an "Underperform" rating, citing weak growth visibility and intensifying competition. The firm trimmed its EV/FY26E revenue multiple to 2.7x from 3.3x, noting peers trade at 5.7x, and warned revenue growth and free cash flow may stay negative for several years. Shares are likely to trail infrastructure software peers until defensibility and cash flow improve.