Citizens JMP Keeps Buy Rating on Sprinklr with $17 Target

Citizens JMP analyst Patrick Walravens reiterated a Buy rating on Sprinklr with a $17.00 price target. The analyst covers the Technology sector, focusing on stocks such as NICE, Oracle, and Salesforce. The word on The Street suggests a Hold analyst consensus rating for Sprinklr with a $10.30 average price target. The company has a one-year high of $9.69 and a one-year low of $6.75.

In a recent development, Citizens JMP analyst Patrick Walravens reiterated a Buy rating on Sprinklr (CXM) with a $17.00 price target [1]. This positive outlook comes amidst a broader analyst consensus that leans towards a Hold rating, with an average price target of $10.30 [1]. The mixed sentiments reflect the ongoing challenges and growth opportunities within the technology sector.

Citizens JMP analyst Patrick Walravens, who covers technology stocks including NICE, Oracle, and Salesforce, believes Sprinklr has significant upside potential. His $17.00 price target represents a substantial 18.12% increase from the current stock price of $8.72 [1].

In contrast, several other analysts have expressed caution. Stifel Nicolaus, Cantor Fitzgerald, and Wells Fargo, among others, have maintained Hold or Sell ratings, citing concerns about declining growth and high valuation [1]. The Hold rating consensus is supported by analysts who see operational improvements and strategic caution as key factors, despite the challenges [1].

Sprinklr's stock has shown volatility in the past year, with a high of $9.69 and a low of $6.75 [1]. The company's earnings and sales forecasts for the next quarter are $0.10 and $205.40M, respectively, with the stock having outperformed its industry peers in the past year [1].

Overall, the analyst community's mixed ratings suggest a cautious but optimistic outlook on Sprinklr. Investors should carefully consider the varying perspectives and potential risks before making investment decisions.

References:
[1] https://www.tipranks.com/stocks/cxm/forecast