These Analysts Lower Their Forecasts On Sprinklr Following Q2 Results
Portfolio Pulse from Avi Kapoor
Sprinklr (NYSE:CXM) reported mixed Q2 results, missing EPS estimates but beating revenue expectations. The company lowered its FY25 EPS guidance, leading analysts to cut price targets. Sprinklr's stock fell 1.9% following the announcement.
September 05, 2024 | 12:09 pm
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Sprinklr's Q2 results were mixed, with EPS missing estimates but revenue exceeding expectations. The company lowered its FY25 EPS guidance, prompting analysts to reduce price targets. The stock fell 1.9% as a result.
Sprinklr's mixed Q2 results, particularly the EPS miss and lowered FY25 EPS guidance, have led to a negative short-term outlook. Analysts have responded by cutting price targets, which typically signals a bearish sentiment. The immediate stock price drop of 1.9% reflects investor reaction to these developments.
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IMPORTANCE 80
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