Sprinklr price target lowered to $6.50 from $9 at DA Davidson

DA Davidson analyst Clark Wright lowered the firm’s price target on Sprinklr (CXM) to $6.50 from $9 and keeps a Neutral rating on the shares. The company reported better than expected revenue and profitability results, though its 2027 guide came in below consensus expectations, with top line acceleration now looking to be a 2028 event, the analyst tells investors in a research note. Sprinklr’s long-term strategic initiatives appear to be tracking in line with management’s expectations, but more proof points will be needed for investors to underwrite the company’s durable growth going forward, the firm adds.