Reported 2 days ago
Wells Fargo has increased the price target for Sprinklr, Inc. (NYSE:CXM) from $6 to $7 while maintaining an 'Underweight' rating due to the company's recent 4% subscription revenue growth. However, concerns about decreasing new deals and a declining number of large customers raise doubts about future growth potential. The analyst warns that the new price target suggests limited upside and highlights the need for Sprinklr to address its challenges while leveraging its advertising platform.
Source: YAHOO