Morgan Stanley analyst Elizabeth Porter raised the firm’s price target on Sprinklr (CXM) to $10 from $8 and keeps an Equal Weight rating on the shares. Sprinklr’s Q1 print showed progress on the company’s transformation journey with operational improvement coupled with stability in the near-term outlook, the analyst tells investors in a research note. The firm is encouraged by the early days of a roughly 18 month transformation, and sees shares appropriately reflecting a turnaround story.
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Read More on CXM:
- Sprinklr’s Q1 Performance: Neutral/High-Risk Rating Amid Growth Challenges and Future Outlook
- Sprinklr’s Balanced Growth Amidst Challenges: A Hold Rating Amid Operational Improvements and Strategic Caution
- Sprinklr price target raised to $7 from $6 at Wells Fargo
- Sprinklr Faces Challenges Amid Transition: Sell Rating Due to Declining Growth and High Valuation
- Sprinklr Reports Revenue Growth and New Buyback Program