Barclays Maintains Overweight on Sprinklr, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow has maintained an Overweight rating on Sprinklr (NYSE:CXM) but has reduced the price target from $18 to $15.

December 11, 2023 | 1:47 pm
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NEUTRAL IMPACT
Barclays has maintained an Overweight rating on Sprinklr but lowered the price target from $18 to $15, indicating a positive outlook but with reduced expectations.
While the Overweight rating suggests that Barclays believes Sprinklr will outperform the market or its sector, the reduction in the price target could signal a tempered expectation for the company's stock price growth. This might lead to a neutral short-term impact as the positive rating is counterbalanced by the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100