Cantor Fitzgerald Maintains Overweight on Sprinklr, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Brett Knoblauch has maintained an Overweight rating on Sprinklr (NYSE:CXM) but reduced the price target from $21 to $16.

December 07, 2023 | 1:09 pm
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NEUTRAL IMPACT
Cantor Fitzgerald has maintained an Overweight rating on Sprinklr but lowered the price target from $21 to $16, indicating a positive outlook but with reduced expectations.
While the Overweight rating suggests that Cantor Fitzgerald still sees Sprinklr as a good investment, the reduction in the price target could imply that there are some concerns about the company's future performance or market conditions that might limit its stock price growth. This news is likely to have a neutral short-term impact on Sprinklr's stock price as the positive sentiment from the Overweight rating could be offset by the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100