Sprinklr initiated with a Buy at Rosenblatt

Rosenblatt initiated coverage of Sprinklr with a Buy rating and $16 price target. The company’s AI-powered Unified-CXM platform “unlocks powerful customer insights” and by predicting customer intent and recommending specific actions, empowers businesses to proactively deliver “exceptional customer experiences,” says the firm, which cites the company’s recurring revenue model and “unique competitive positioning.”