Cantor Fitzgerald analyst Brett Knoblauch raised the firm’s price target on Sprout Social to $48 from $44 and keeps a Neutral rating on the shares following the investor day event. Cantor continues to believe shares are fairly valued, but is incrementally more positive on shares given some commentary on ARR growth accelerating, success with larger customers, and Taggar cross-sell opportunities, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on SPT:
- Sprout Social Earns 138 Badges in G2’s 2023 Fall Reports
- New Research Indicates a Shift in What Consumers Find Memorable on Social Media
- New Research Reveals Influencer Marketing as Critical to Brands’ Social Strategies
- Sprout Social to Host September Investor Day
- #SocialStocks: After transforming work from home, Zoom asks employees to return