C3.ai, Inc. (NYSE: AI) is closely watched by analysts. On August 11, Wolfe Research reiterated an Underperform rating with a $15.00 price target after the company reported disappointing first quarter fiscal 2026 results, with revenue and operating loss below expectations.

Preliminary results show revenue of $70.2 million-$70.4 million, 33% below previous guidance, and an adjusted operating loss of $57.7 million-$59.9 million, worse than expected. CEO Thomas Siebel attributed poor results to reorganization and health issues, calling them “completely unacceptable.”

Wolfe Research expects C3.ai’s stock to decline further after the negative surprise of the first quarter results, despite the restructuring efforts. The search for a new CEO and potential revision of revenue guidance could impact the stock price significantly.

C3.ai, Inc. (NYSE: AI) is an AI software company specializing in enterprise-scale applications. While AI stocks offer investment potential, some may have greater upside and lower risk. Investors can explore a free report on the best short-term AI stock for potential opportunities.

Read more at Yahoo Finance: Why Wolfe Research Sees More Downside Ahead for C3.ai (AI)