Sprinklr (CXM) Stock: $18 Price Target And Buy Rating

By Amit Chowdhry ● Mar 28, 2022
  • The shares of Sprinklr Inc (NYSE: CXM) have received an $18 price target from Stifel. These are the details.

The shares of Sprinklr Inc (NYSE: CXM) have received an $18 price target from Stifel. And Stifel analyst J. Parker Lane is maintaining a “Buy” rating on the shares.

Lane adjusted the rating as the enterprise software team reduced top and bottom-line estimates by a low single digits percentage on average for the vast majority of the roughly 70 software companies they follow to reflect what they believe will be an increasing headwind to new business activity associated with the ongoing fallout of the Russia/Ukraine war, accelerating supply-chain disruptions. And Lane also cited the expanding impact of meaningfully higher energy prices on consumer spending. 

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