Sprinklr price target lowered to $11 from $14 at Rosenblatt

Rosenblatt analyst Catharine Trebnick lowered the firm’s price target on Sprinklr to $11 from $14 and keeps a Buy rating on the shares. The firm expects the company’s organizational changes and go-to-market initiatives may take longer to fully implement and yield results, especially in a tight budget environment. However, Sprinklr’s internal changes “are strategically sound for long-term growth,” the analyst tells investors in a research note.