C3.Ai Inc. (NYSE:AI) shares are trading higher Monday after Northland upgraded the stock to Outperform from Market Perform and raised its price target to $16 from $10.
- C3.Ai shares are climbing with conviction. Why is AI stock surging?
Northland Says C3 Code Can Cut Agentic App Development From Months to Days
According to Investing.com, analyst Mike Latimore cited the company’s C3 Code platform as a new growth engine. He said it can reduce the time to create agentic AI applications to days from months and speeds up customer onboarding and expansion at existing customers. C3 Code lets users build and deploy applications using natural language, with autonomous agents handling the development work. It integrates with existing systems and builds on 15 years of C3 infrastructure work to keep applications reliable and secure.
C3.Ai also launched an Accelerator marketing program. The first event covered 110 people and 46 companies, and business and IT staff showed they could create enterprise-ready AI applications in a few days. The company has added three more Accelerator events. The upgrade also notes that C3.Ai’s founder and CEO rejoined the company in May, after challenges that included a reduction at a large customer, management changes and slower new customer additions about a year ago.
Recent Results and Other Analyst Views
In its first-quarter fiscal 2027 report, C3.Ai posted revenue of $52.4 million, down 25% from a year earlier. That was within its guidance range of $50.0 million to $54.0 million and slightly above the Street estimate of $52.1 million. Non-GAAP earnings per share were negative 20 cents, against the consensus estimate of negative 26 cents.
Other analysts have been more cautious. Yorkville Ives initiated coverage with an In Line rating and a $12.50 price target, noting that the fiscal 2026 reset is largely complete. Needham maintained a Hold rating, citing the revenue decline, and JMP Securities reiterated a Market Perform rating, citing concerns about revenue guidance.
C3.Ai Shares Bolt Higher
AI Price Action: At the time of publication, C3.Ai shares are trading 6.50% higher at $12.28, according to data from Benzinga Pro.
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