DA Davidson analyst Clark Wright raised the firm’s price target on Sprinklr (CXM) to $9.50 from $8 but keeps a Neutral rating on the shares. The company’s Q3 earnings marked a positive progression in the story with better than expected top line results and an acceleration in cRPO – Current Remaining Performance Obligation – growth partially offset by another quarter of elevated churn levels and renewal headwinds, the analyst tells investors in a research note. The management also raised its FY25 revenue guide, but elevated expenses resulted in a lowered Q4 profitability outlook, the firm adds.
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Read More on CXM:
- Sprinklr price target raised to $9 from $7 at Barclays
- Sprinklr, Inc. Reports Solid Q3 Fiscal 2025 Growth
- Closing Bell Movers: Five Below up 13%, PVH slips 6% on earnings
- Sprinklr reports Q3 adjusted EPS 10c, consensus 8c
- Sprinklr sees Q4 adjusted EPS roughly 7c, consensus 10c
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
