Sprinklr price target lowered to $12 from $16 at KeyBanc

KeyBanc analyst Jackson Ader lowered the firm’s price target on Sprinklr to $12 from $16 and keeps an Overweight rating on the shares following quarterly results. The firm notes subscription revenue missed consensus estimates, and the full-year expectation is coming down. Although the headline revenue guidance is moving up, it is due entirely to the services line, KeyBanc adds.