Sprinklr initiated with a Buy at DA Davidson

DA Davidson analyst Gil Luria initiated coverage of Sprinklr with a Buy rating and $17 price target. The company’s “strong upselling momentum” and multi product suite selling efforts provide a “clear runway” to meet and potentially exceed its fiscal 2027 sales targets, the analyst tells investors in a research note. The firm says Sprinklr’s guidance assumes that the current macroeconomic environment persists, which it views as conservative given the pace of growth the company has been able to achieve in recent quarters despite a weakening backdrop.