Sprinklr price target raised to $16 from $12 at BTIG

BTIG raised the firm’s price target on Sprinklr to $16 from $12 and keeps a Buy rating on the shares. The company’s Q4 results were better than expected with upside to subscription revenue, billings, operating margins, and free cash flows, the analyst tells investors in a research note. Sprinklr’s recent improvements in cost controls and operating efficiency are dramatic, and additional improvement is expected moving forward after the company’s 4% reduction in force in February, BTIG added.