From Yahoo Finance: 2025-06-05 23:20:00

Morgan Stanley raised Sprinklr Inc.’s price target to $10 with an Equal Weight rating, noting progress in the company’s transformation and stable outlook. Q1 2025 saw total revenue at $205.5 million, subscription revenue at $184.1 million, and professional services revenue at $21.4 million. Net dollar expansion rate was 102%, with 146 customers generating $1 million or more in subscription revenue.

Sprinklr faces challenges like longer sales cycles, enterprise spending scrutiny, and customer churn impacting its net dollar expansion rate. There’s an anticipated negative impact of $10 million on non-GAAP operating expenses due to foreign exchange rate volatility. The company provides global enterprise cloud software products.

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Read more at Yahoo Finance: Morgan Stanley Raises Sprinklr (CXM) PT to $10, Maintains Equal Weight Rating