Barclays analyst Raimo Lenschow downgraded Sprinklr to Underweight from Overweight with a price target of $7, down from $10. The firm continues to see an “uneven performance” for the software names, due to the combination of the macro environment remaining mixed, and uncertainty on how generative artificial intelligence will impact the space. Barclays says Sprinklr is one of the names it struggles to see the future positioning in “this new AI world.”
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