DA Davidson analyst Clark Wright lowered the firm’s price target on Sprinklr to $8 from $9 and keeps a Neutral rating on the shares. The company’s Q2 results were mixed with better than expected top line growth driven by strong professional services revenue and operating income coming in below the guide inclusive of credit losses, the analyst tells investors in a research note. The firm adds however that go-to-market changes and pricing/packaging updates at Sprinklr are ongoing, and its management is confident that once implemented, the company will be in a much better position to accelerate growth.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CXM:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue