Sprinklr price target raised to $7 from $6 at Wells Fargo

Wells Fargo raised the firm’s price target on Sprinklr (CXM) to $7 from $6 and keeps an Underweight rating on the shares. The firm says Sprinklr further slowed to 4%, but begs to see meaningful margin exp as an offset. While initial outlook was modestly above prior Street, suggesting progress in refocus the business, Wells continues to see significant changes left to fully answer investor questions.