Sprinklr price target lowered to $16 from $18.50 at DA Davidson

DA Davidson lowered the firm’s price target on Sprinklr to $16 from $18.50 but keeps a Buy rating on the shares. The company reported a strong quarter that included a top and bottom line beat driven by strong new business trends and increased productivity across the organization, but despite the strength this quarter, the delta between the preliminary FY25 growth outlook relative to the Street – 10% vs. 16% – resulted in the stock falling, the analyst tells investors in a research note. The firm remains positive on the company’s strong fundamentals and an improving profitability profile.