On Thursday, Wall Street analysts rerated Sprinklr Inc (NYSE:CXM) after the company reported its fourth-quarter report Wednesday.
The company reported quarterly revenue of $202.54 million, up 4% year-over-year, topping the analyst consensus estimate of $200.58 million.
Adjusted EPS of $0.10 topped the analyst consensus estimate of $0.07.
Rosenblatt: According to the analyst, Sprinklr’s strong fourth-quarter performance, achieved under the new CEO’s leadership, shows a rapid and effective shift towards operational efficiency and customer value.
Trebnick noted this initial success is rooted in the CEO’s efforts to address legacy implementation and delivery challenges while strategically prioritizing expansion sales to the company’s top 400-500 customers.
Rosenblatt analyst Catharine Trebnick reiterated Sprinklr with a Buy and raised the price target from $10.50 to $12.
