Citizens analyst Patrick Walravens reiterated a Market Outperform rating and $11.00 price target on Sprinklr Inc (NYSE: CXM).

The analyst commented, "We maintain our Market Outperform rating and $11 price target on Sprinklr ahead of hosting a lunch with CEO Rory Read and Head of IR Eric Scro in NYC today, September 13, and after the stock has fallen 25% year-to-date versus up 12% year-to-date for the Russell 3000. Key topics we intend to discuss include: 1) the current tone of business in F3Q; 2) the $20M+ TCV deal the company signed in F2Q; 3) the pipeline of other very large deals like this one; 4) the social media management and listening market, its health and dynamics and competition; 5) the CCaaS market, its health and dynamics and competition; 6) the F2Q services shortfall and the status and dynamics of the services business; 7) plans for Sprinklr's ~$453M in cash and how to drive shareholder value; and 8) from a retrospective point of view, what has been harder than Mr. Read expected when he joined in November 2024 and what has been better than he expected."

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Shares of Sprinklr Inc closed at $5.48 yesterday.