C3.ai gains after Northland Capital upgrade

By Reuters News

** Shares of C3.ai AI.N rise 4.3% to $12.02 premarket

** Brokerage Northland Capital upgrades the enterprise AI software provider to "outperform"

** Northland Capital says co's new product C3 Code could help win customers faster and drive stronger revenue growth

** Expects revenue growth to accelerate as AI demand improves and more customers ramp up spending, supporting a stronger long-term growth outlook- brokerage

** Raises PT to $16 from $10, implying a premium of ~39% to stock's last close

** As of last close, stock was down 14.5% YTD

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