Sprinklr price target lowered to $6.25 from $6.50 at DA Davidson

DA Davidson analyst Clark Wright lowered the firm’s price target on Sprinklr (CXM) to $6.25 from $6.50 and keeps a Neutral rating on the shares. The company’s 2027 outlook appears to be de-risked though its long-term visibility is unclear, the analyst tells investors in a research note. The firm is also pointing to the recent spike in short interest on the stock as investors evaluate Sprinklr’s long-term ability to reaccelerate top line growth.