C3.ai's FY27 Revenue Forecast Tops Street Estimates, Canaccord Raises PT
AI sits 38% above its 52-week low of $7.675 on elevated volume (3.3× avg).
Summary
C3.ai issued fiscal year 2027 revenue guidance of $210M-$240M, with the midpoint exceeding analyst consensus. The company also provided Q1 FY2027 revenue guidance of $50M-$54M, which is above expectations. This positive revenue forecast follows recent Q4 losses and a substantial $69 million personal capital infusion by CEO Thomas Siebel yesterday. The guidance suggests a potential improvement in the company's financial trajectory after a period of declines, with Canaccord Genuity raising its price target to $10.
At the time of this announcement, AI was trading at $10.58 on NYSE in the Technology sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $7.68 to $30.11. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.