C3.ai's (AI) fiscal Q4 results are a "good step in the right direction," with restructuring savings expected in H2 of fiscal 2027, Wedbush said in a Thursday research note.
Wedbush said that with Tom Siebel back in the role of chief executive officer and the company's restructuring effort largely in the rearview mirror, it believes that C3.ai is now positioned to begin focusing on execution on its growth story.
With C3.ai expecting fiscal 2027 revenue in the range of $210 million to $240 million and adjusted operating loss between $128 million and $160 million, compared with Wall Street estimates of $224.7 million and $144.2 million loss, Wedbush said that the revenue midpoint implies a step down from fiscal 2026 but the reduced loss guide underscores cost discipline.
Wedbush reiterated the company's outperform rating with $15 price target.
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