Sprinklr price target lowered to $8 from $9 at Wells Fargo

Wells Fargo lowered the firm’s price target on Sprinklr to $8 from $9 and keeps an Equal Weight rating on the shares. The firm says Sprinklr execution hurdles surfaced again, resulting in the company taking a $10M charge and lowering FY25 outlook. As growth continues to slow and lack of clarity on potential future margin offsets, Wells expects investor questions on go forward strategy to linger.