Sprinklr downgraded to Perform from Outperform at Oppenheimer

Oppenheimer analyst Brian Schwartz downgraded Sprinklr to Perform from Outperform without a price target. Weakening spend for front office applications plus a significant deceleration in total revenue and operating expense growth in fiscal 2024 will continue to weigh on the company’s fundamentals and sentiment, Schwartz tells investors in a research note. The analyst is stepping to the sidelines pending signs that spending for experience management proves durable in a slow or no growth macro environment.