Sprinklr price target lowered to $10 from $11 at Barclays

Barclays lowered the firm’s price target on Sprinklr to $10 from $11 and keeps an Overweight rating on the shares. The firm is not sure that investors will have a great level of urgency to revisit the Sprinklr story in the short term. The quarter itself was solid, and guidance can be explained by write-downs, but weak bookings growth “does not suggest better times close ahead,” the analyst tells investors in a research note.