Sprinklr, Inc. (NYSE: CXM) saw its stock price soar 7.12% in pre-market trading on Wednesday.
The surge comes as the company is set to release its fourth-quarter earnings before the opening bell. Analysts expect earnings of 10 cents per share and revenue of $216.93 million, with the company having beaten estimates in the previous quarter with sales of $219.068 million, up 9% year-over-year.
Positive analyst sentiment may also be contributing to the move, with recent ratings including a Buy rating and $12 price target from Rosenblatt and a Market Outperform rating with $17 target from JMP Securities.