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Sprinklr Inc (NYSE:CXM) reported better-than-expected fourth-quarter results.
Sprinklr said revenue increased 22% year-over-year to $165.33 million, which beat average analyst estimates of $162.77 million. The company reported quarterly earnings of 6 cents per share, which beat estimates of 2 cents per share.
Sprinklr said it sees first-quarter revenue to be between $168 million and $170 million versus estimates of $168.87 million.
The company expects first-quarter adjusted earnings to be flat to 1 cent per share versus estimates of 2 cents per share.
Sprinklr shares jumped 18.3% to $12.88 in today’s pre-market trading session.
These analysts made changes to their price targets on Sprinklr following the release of results.
- JMP Securities raised the price target on Sprinklr from $16 to $20. JMP Securities analyst Patrick Walravens maintained an Outperform rating.
- JP Morgan increased the price target on Sprinklr from $12 to $14. JP Morgan analyst Pinjalim Bora maintained an Overweight rating.
Read More: Investor Fear Eases Following Surge In Tech Stocks
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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