Sprinklr (NYSE:CXM) Price Target Raised to $12.00

Sprinklr (NYSE:CXMFree Report) had its price target raised by Rosenblatt Securities from $10.50 to $12.00 in a research note released on Thursday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts have also recently issued reports on CXM. DA Davidson lifted their target price on shares of Sprinklr from $8.00 to $9.50 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $11.00 target price on shares of Sprinklr in a research note on Wednesday, December 11th. Stifel Nicolaus lifted their target price on shares of Sprinklr from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $9.00 target price on shares of Sprinklr in a research note on Thursday, December 5th. Finally, Scotiabank boosted their price target on shares of Sprinklr from $7.70 to $8.50 and gave the company a “sector perform” rating in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $10.38.

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Sprinklr Stock Performance

Shares of NYSE CXM opened at $9.13 on Thursday. The firm has a market cap of $2.32 billion, a PE ratio of 57.03, a PEG ratio of 2.31 and a beta of 0.80. The firm has a fifty day moving average of $8.76 and a 200 day moving average of $8.28. Sprinklr has a one year low of $6.91 and a one year high of $14.32.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CXM. PNC Financial Services Group Inc. boosted its stake in shares of Sprinklr by 100.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company’s stock valued at $33,000 after purchasing an additional 1,928 shares during the period. Ancora Advisors LLC acquired a new stake in Sprinklr during the fourth quarter worth approximately $34,000. FNY Investment Advisers LLC acquired a new stake in Sprinklr during the fourth quarter worth approximately $42,000. SG Americas Securities LLC acquired a new stake in Sprinklr during the fourth quarter worth approximately $89,000. Finally, Cibc World Markets Corp acquired a new stake in Sprinklr during the fourth quarter worth approximately $92,000. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Sprinklr Company Profile

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Sprinklr, Inc provides enterprise cloud software products worldwide. The company operates Unified Customer Experience Management platform, a software that enables customer-facing teams to collaborate across internal silos, communicate across digital channels, and leverage a complete suite of capabilities to deliver customer experiences.

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Analyst Recommendations for Sprinklr (NYSE:CXM)

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