Sprinklr price target lowered to $10 from $13 at Citi

Citi analyst Tyler Radke lowered the firm’s price target on Sprinklr to $10 from $13 and keeps a Neutral rating on the shares. In the context of weaker front office demand, Sprinklr’s Q3 results were solid with key performance indicators beating expectations with only modest signs of slowing growth, Radke tells investors in a research note. The analyst would look to get more constructive on signs that the company’s’ growth and margin expansion could outperform peers during a downturn.