Sprinklr price target raised to $20 from $17 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on Sprinklr to $20 from $17 and reiterates an Overweight rating on the shares following the investor day. Management is focused on the long term, with it managing the business to position it to grow revenue to $3B in the future from $618M in fiscal 2023, the analyst tells investors in a research note. in a worst-case scenario, management expects subscription revenue of $1B and free cash flow of $200M in fiscal 2027, targets the company is positioned to meaningfully exceed, contends the firm. It believes the market is underappreciating Sprinklr’s contact-center-as-a-service offering and that the company has a multi-year head start when it comes to using and integrating artificial intelligence in its products.