Sprinklr price target lowered to $9 from $11 at Citi

Citi lowered the firm’s price target on Sprinklr to $9 from $11 and keeps a Neutral rating on the shares. The company saw its challenges continue in Q2 with leading indicators “meaningfully deteriorating,” worsening profitability and another cut to the fiscal 2025 subscription growth guide, the analyst tells investors in a research note. The firm says Sprinklr’s recent financial picture is challenging as sequential revenue growth has stalled, gross profit dollars have declined for two straight quarters, and bookings trends are getting worse.