Citizens Reiterates Market Outperform Rating on Sprinklr Inc (CXM)

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."

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 $5.48 yesterday.

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