Sprinklr price target lowered to $8 from $9 at Barclays

Barclays analyst Raimo Lenschow lowered the firm’s price target on Sprinklr (CXM) to $8 from $9 and keeps an Underweight rating on the shares following Q2 results “ahead of expectations.” However, the firm did note that “mixed” Q3 guidance and the CFO departure are likely “top-of-mind” for investors. The beat-and-raise to the FY26 guidance is positive, but Barclays is looking for sustainable growth drivers to get more positive, the firm told investors in a research note.