Scotiabank raised the firm’s price target on Sprinklr (CXM) to $9 from $8.50 and keeps a Sector Perform rating on the shares. The company is trading at a modest discount compared to its peers, which the firm sees as warranted given the company is expected to operate below the Rule of 20, the analyst tells investors. The firm continues to monitor for indications of business stabilization and potential reacceleration in growth.
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