Investing.com -- C3.ai shares rose more than 6% in early Monday trading after Northland Capital upgraded the enterprise AI software provider to Outperform from Market Perform.

The brokerage cited the company’s new product C3 Code as a potential catalyst to win customers faster and drive stronger revenue growth. Northland analyst Mike Latimore raised the price target to $16 from $10, implying a premium of approximately 39% to the stock’s last close.

Northland expects revenue growth to accelerate as AI demand improves and more customers ramp up spending, supporting a stronger long-term growth outlook.

C3 Code is designed to reduce the time to create new agentic AI applications to days from months, accelerating customer onboarding and expansion at existing accounts. The platform allows users to build and deploy applications using natural language, with autonomous agents handling the development process.

"C3 Code can shrink time to create new agentic AI applications to days from months, accelerating time to on-board new customers and expand at current customers. Given C3’s core platform investment, such applications can leverage the latest and/or most cost effective LLMs and run with optimal security and reliability," Latimore said.

C3.ai has expanded its marketing efforts through an Accelerator program. The first event covered 110 people and 46 companies, with business and IT professionals demonstrating the ability to create enterprise-ready AI applications in a few days. As a result, the company added three more Accelerator marketing events.

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