Baird analyst Rob Oliver lowered the firm’s price target on Sprout Social to $60 from $78 and keeps an Outperform rating on the shares. The analyst said they reported a somewhat noisy quarter and while we remain encouraged and confident in the continued move up-market, we expect this "back-end-loaded" ARR scenario will raise questions near term.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on SPT:
- Sprout Social Tanks as Q2 Outlook Disappoints
- Sprout Social price target lowered to $62 from $72 at Barclays
- Sprout Social reports Q1 EPS 6c, consensus (1c)
- Sprout Social and Twitter Announce Continued Strategic Partnership
- Sprout Social Announces First Quarter 2023 Financial Results Above Guidance Range