Sprinklr (CXM) Stock: $15 Target And Buy Rating

By Amit Chowdhry ● Jun 28, 2022
  • The shares of Sprinklr Inc (NYSE: CXM) have received a $15 price target from Stifel. These are the details.

The shares of Sprinklr Inc (NYSE: CXM) have received a $15 price target from Stifel. And Stifel analyst J. Parker Lane is maintaining a “Buy” rating on the shares.

Lane adjusted the rating in order to reflect multiple contractions across the software group. And Lane is maintaining a “Buy” rating on the shares after the company delivered a clean fiscal first quarter and increased the full year revenue outlook.

Plus Lane pointed out that the company maintained an optimistic tone coming off of a strong bookings quarter. And Lane sees the company remaining on track to deliver free cash flow profitability at some point during the next year.

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