Sprinklr Analysts Slash Their Forecasts After Q1 Results
Portfolio Pulse from Avi Kapoor
Sprinklr, Inc. (NYSE:CXM) reported better-than-expected Q1 earnings and sales, appointed Trac Pham as co-CEO, and adjusted its fiscal year 2025 revenue and earnings outlook. Despite positive earnings, analysts downgraded the stock and slashed price targets.
June 06, 2024 | 12:15 pm
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Sprinklr reported better-than-expected Q1 earnings and sales, appointed Trac Pham as co-CEO, and adjusted its fiscal year 2025 revenue and earnings outlook. Despite positive earnings, analysts downgraded the stock and slashed price targets.
Despite beating Q1 earnings and sales estimates, Sprinklr's cut in FY 2025 revenue outlook and multiple analyst downgrades and price target reductions are likely to negatively impact the stock in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100