Sprout Social price target lowered to $72 from $75 at Barclays

Barclays lowered the firm’s price target on Sprout Social to $72 from $75 and keeps an Overweight rating on the shares. Sprout posted a “respectable” Q4 that was weighed by conservatism and the last of its upmarket transition optics, the analyst tells investors in a research note. The firm says that while the initial after-hours response was negative, it expects the print to be viewed in a brighter light as investors dig in more.