20 Hidden Gem AI Stocks

2. Sprinklr, Inc. (NYSE:CXM)

Number of Hedge Fund Holders: 25 

Sprinklr, Inc. (NYSE:CXM) provides enterprise cloud software products worldwide. Ragy Thomas, the CEO of the firm, said during the first fiscal quarter earnings call that his company operated in attractive and growing markets and supported a gold star list of customers through an AI-powered unified customer experience management platform. These included UBS, Ford, T-Mobile, Grupo Bimbo, and Planet Fitness, as well as one of the largest global asset managers in the world. At this industry-leading company, per the CEO, the Sprinklr platform replaced multiple social tools and point solutions, including an incumbent vendor who was in place for 12 years. He added that Sprinklr was unifying AI-powered listening, publishing, engagement, marketing and customer service across all social channels.

DA Davidson analyst Clark Wright recently lowered the price target on Sprinklr, Inc. (NYSE:CXM) stock to $8 from $9 and kept a Neutral rating on the shares. In an investor note, the analyst underlined that the company’s Q2 results were mixed with better than expected top line growth driven by strong professional services revenue and operating income coming in below the guide inclusive of credit losses. The analyst added, however, that go-to-market changes and pricing/packaging updates at Sprinklr were ongoing, and its management was confident that once implemented, the company would be in a much better position to accelerate growth.