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

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

The shares of Sprinklr Inc (NYSE: CXM) have received a $15 price target from Barclays. And Barclays analyst Raimo Lenschow increased the price target on Sprinklr while maintaining an “Overweight” rating on the shares.

Lenschow adjusted the rating after Sprinklr reported a beat-and-raise quarter, which could be grounds for investors to revisit the company’s story. And Lenschow noted that the subscription revenue accelerated for the sixth consecutive quarter to 32% growth year-over-year despite tougher comps. 

Going forward, Lenschow pointed out that Sprinklr is moving well along the process of becoming a more attractive company from a financial perspective.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.