Sprinklr, Inc. (CXM) shares tumbled 6.18% in pre-market trading on Thursday, following a bearish analyst report from Barclays. The customer experience management platform provider faced downward pressure after Barclays maintained its Sell rating on the stock, setting a price target of $9.00.

The negative sentiment was further compounded by a report from D.A. Davidson released the previous day, which maintained a Hold rating on Sprinklr. These cautious stances from analysts appear to have sparked a sell-off among investors, leading to the significant pre-market decline.

Barclays analyst Raimo Lenschow's Sell rating, in particular, seems to have had a substantial impact on investor confidence. The $9.00 price target suggests limited upside potential and may have prompted shareholders to reassess their positions. As the market digests these analyst perspectives, Sprinklr may face continued pressure in the near term.