KeyBanc analyst Michael Turits lowered the firm’s price target on Sprout Social to $58 from $62 given incremental caution on the recent breach, while keeping an Overweight rating on the shares. Survey data from 32 VARs and channel partners indicated modest declines in Q3 results vs. last quarter and a less optimistic 2023/2024 outlook after a bump up last quarter, the firm says.
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