William Blair Downgrades Sprinklr Inc (CXM) to Market Perform

William Blair analyst Arjun Bhatia downgraded Sprinklr Inc (NYSE: CXM) from Outperform to Market Perform.

The analyst comments "Downgrading to Market Perform. We are downgrading shares of Sprinklr to Market Perform from Outperform. While expectations are low for the company at 3% consensus revenue growth in fiscal 2026 and the stock trading under 3 times revenue, we believe much of this year is likely to be a transition period for Sprinklr. This is partly highlighted by the news that the firm is laying off 15% of the workforce. New CEO Rory Read was appointed in November 2024 and laid out a compelling plan to turn the business around (see last quarter’s earnings note here: New CEO Lays Out Compelling Plans for Turnaround; Will Take a Few Quarters to Materialize) through strategy realignment, operational changes, go-to-market adjustments, and pricing and packaging changes. However, we believe these changes are likely to take several quarters to materialize. In the interim, as Sprinklr focuses on the turnaround, we see better opportunities for investors to deploy capital across software."

For an analyst ratings summary and ratings history on Sprinklr Inc click here. For more ratings news on Sprinklr Inc click here.

Shares of Sprinklr Inc closed at $8.88 yesterday.

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