Barclays Downgrades Sprinklr to Underweight, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow has downgraded Sprinklr (NYSE:CXM) from Overweight to Underweight and reduced the price target from $10 to $7.
October 07, 2024 | 2:32 pm
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NEGATIVE IMPACT
Barclays has downgraded Sprinklr from Overweight to Underweight, with a new price target of $7, down from $10. This suggests a negative outlook on the stock.
The downgrade from Overweight to Underweight by Barclays indicates a shift from a positive to a negative outlook on Sprinklr's stock. The reduction in the price target from $10 to $7 further emphasizes the analyst's bearish sentiment, likely leading to a negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100