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Investing.com - JMP Securities has reiterated its Market Outperform rating and $17.00 price target on Sprinklr Inc (NYSE:CXM).
The firm noted that the series of Software-as-a-Service (SaaS) acquisitions occurring throughout 2025 provides positive lateral implications for several companies, including Sprinklr .
JMP Securities identified Sprinklr as one of several companies it considers attractive acquisition candidates in the current market environment.
Other companies on JMP’s list of potential acquisition targets include Blackline (NASDAQ:BL), C3.ai (NYSE:AI), Domo (NASDAQ:DOMO), DocuSign (NASDAQ:DOCU), Teradata (NYSE:TDC), and Vertex (NASDAQ:VERX).
The firm maintains varying ratings and price targets on these companies, with Market Outperform ratings on most, including a $80 price target for Blackline, $30 for C3.ai, $20 for Domo, $124 for DocuSign, and $50 for Vertex, while Teradata carries a Market Perform rating.
In other recent news, Domo has been making significant strides in its partnerships and offerings. The company announced enhanced cloud integration capabilities with Snowflake, allowing users to work directly with cloud data without moving or duplicating it. This includes the general availability of the Magic ETL Pushdown feature on Snowflake, enabling secure data transformations. Additionally, Domo expanded its collaboration with Snowflake by launching a suite of applications on the Snowflake Marketplace, offering a fully managed analytics solution called "Powered by Snowflake."
In another development, Domo partnered with Burbio to enhance data analytics for K-12 education, integrating its embedded analytics solution to provide contextual insights for school district initiatives. Analyst firms have also weighed in on Domo’s prospects. TD Cowen raised its price target for Domo stock to $13, maintaining a Hold rating, following discussions with the company’s CFO and noting positive developments in partnerships and consumption model changes. Cantor Fitzgerald increased its price target to $17, reiterating an Overweight rating, after reviewing Domo’s first-quarter financial results and highlighting favorable benchmarks and strong momentum signals.
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