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
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100