Morgan Stanley lowered the firm’s price target on Sprinklr to $10 from $12 and keeps an Equal Weight rating on the shares. While stating that Sprinklr is “moving in the right direction to address execution issues,” the firm sees more patience as required after a reduction to FY25 subscription revenue guidance. The firm sees “a turnaround story appropriately reflected in shares,” the analyst added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CXM: