- JMP Securities analyst Patrick Walravens initiated coverage of Sprinklr Inc CXM with an Outperform rating and a $27 price target, implying a 41.5% upside potential.
- Walravens views the company as an attractive opportunity for long-term capital appreciation. The company is pursuing a significant market opportunity estimated at $51 billion and is poised to benefit from the world's continued digital shift.
- Walravens initiated coverage of Confluent Inc CFLT with an Outperform rating and $49 price target, implying a 21.3% upside.
- Confluent has pioneered a new category, data in motion, in the large and growing data infrastructure market, Walravens stated. He sees the company's technology as differentiated.
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