Analyst Patrick Walravens of JMP Securities maintained a Buy rating on Sprinklr (CXM – Research Report), with a price target of $22.00.
Patrick Walravens has given his Buy rating due to a combination of factors that suggest a positive outlook for Sprinklr’s business performance and market position. The analyst’s confidence is partly rooted in the company’s steady business tone as indicated by the Investor Relations VP, alongside expectations that the fourth quarter could significantly influence the company’s trajectory towards its 2025 goals. Additionally, the recent appointment of Trac Pham, with his extensive experience and strategic board positions, is viewed as a valuable asset that could contribute to Sprinklr’s growth, particularly in the high-growth Contact Center as a Service market, which is anticipated to double in the coming years.
Moreover, Sprinklr’s ambition to achieve a substantial milestone in subscription revenue underpins the analyst’s positive projection, suggesting a potential for significant capital appreciation. Walravens’ outlook is bolstered by Sprinklr’s strong positioning to secure major cloud contact center deals, its potential attractiveness as an acquisition target, and early positive indications from other software companies’ performances. The company’s AI-driven customer experience solutions cater to a substantial market opportunity, and strategic shareholder alignment could pave the way for Sprinklr to become a dominant player in the customer experience management domain. These factors collectively reinforce the analyst’s endorsement of Sprinklr’s stock with a Buy rating.
According to TipRanks, Walravens is an analyst with an average return of -10.7% and a 35.83% success rate. Walravens covers the Technology sector, focusing on stocks such as Sprinklr, BlackLine, and WalkMe.
In another report released on January 5, D.A. Davidson also reiterated a Buy rating on the stock with a $16.00 price target.
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Sprinklr (CXM) Company Description:
Sprinklr Inc is engaged in providing enterprise software that enables every customer-facing function across the front office, from Customer Care to Marketing, to collaborate across internal silos, communicate across digital channels. Its products include Modern Marketing and Advertising, Morden Research, Modern Care, Core Platform, and Developer portal among others.
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