UPDATE: Stifel Assumes Sprinklr Inc (CXM) at Buy

(Updated - January 18, 2022 5:06 AM EST)

Stifel analyst J. Parker Lane assumes coverage on Sprinklr Inc (NYSE: CXM) with a Buy rating and a price target of $26.00.

The analyst comments "Sprinklr has built a leading Unified Customer Experience Management platform that services over 1,100 customers (including 80 one million-plus customers) across 60 industry verticals and sub-verticals. The company delivers value to customers by synthesizing data from more than 30 digital engagement channels for the purposes of market research, customer care, marketing and advertising, and social, sales, and engagement use-cases. With organizations stepping up their technology investments around customer experience, we believe Sprinklr's platform can play a key role in measuring behavior and expectations, and allow businesses to take actions to improve their digital engagement efforts with customers and prospects. The company remains in investment mode as it looks to penetrate the CXM market through customer acquisition and expansion."

For an analyst ratings summary and ratings history on Sprinklr Inc click here. For more ratings news on Sprinklr Inc click here.

Shares of Sprinklr Inc closed at $13.27 yesterday.

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