Sprout Social price target raised to $70 from $60 at Stifel

Stifel raised the firm’s price target on Sprout Social to $70 from $60 and keeps a Buy rating on the shares ahead of the company reporting Q4 earnings in February. In conversations with customers and partners, the firm repeatedly hears of platform loyalty, even after pricing increases, reaffirming its belief in the value of Sprout’s offering, the analyst tells investors in the preview note.