C3.ai shares fall amid revenue drop; Wedbush bets on 47% rebound led by CEO Siebel's turnaround plan.

C3.ai's stock trades at $10.18 after a steep revenue decline of 35.67% in fiscal 2026 and a gross margin collapse. Despite this, Wedbush analyst Dan Ives sets a high price target of $15, citing growth potential in federal AI bookings and partnerships with Microsoft and AWS. Founder and CEO Thomas Siebel's return and insider purchase signal confidence in a turnaround, but broader Wall Street remains cautious with an average target below current prices. The company faces risks from ongoing losses and legal issues, making it a high-risk, potential-reward investment.