Sprinklr price target raised to $18 from $17 at BTIG

BTIG raised the firm’s price target on Sprinklr to $18 from $17 and keeps a Buy rating on the shares. The company’s first investor day IPO provided additional clarity around product segment performance, a long-term financial model highlighted by $1B Subscription Revenue and 20% free cash flow margin targets implying 16% subscription revenue CAGR through FY27, and the extensive reach of its AI features enabling its true omni-channel capabilities, the analyst tells investors in a research note. BTIG has an “incrementally positive outlook” for Sprinklr following the event.