Sprinklr Stock (CXM): $26 Price Target From Stifel

By Amit Chowdhry ● Jan 23, 2022
  • The shares of Sprinklr Inc (NYSE: CXM) have received a $26 price target from Stifel. These are the details.

The shares of Sprinklr Inc (NYSE: CXM) have received a $26 price target from Stifel. And Stifel analyst J. Parker Lane took coverage of Sprinklr while maintaining a “Buy” rating on the shares. 

Lane noted that with organizations stepping up their technology investments around customer experience, he believes Sprinklr’s platform is able to play a key role and enable businesses to take actions to improve their digital engagement efforts.

Plus Lane pointed out that Sprinklr has built a leading Unified Customer Experience Management platform that services over 1,100 clients (including 81+ million customers) across 60 industry verticals and sub-verticals. And the company delivers value to customers by synthesizing data from more than 30 digital engagement channels for the purposes of market research, customer care, marketing and advertising, and social, sales, and engagement use-cases. 

Going forward, it appears the company remains in investment mode as it looks to penetrate the CXM market through customer acquisition and expansion.

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