Sprout Social price target raised to $72 from $63 at Barclays

Barclays analyst Raimo Lenschow raised the firm’s price target on Sprout Social to $72 from $63 and keeps an Overweight rating on the shares. The company’s Q4 was the first quarter that included some of the recently announced pricing changes, the analyst tells investors in a research note. The firm sees the impact clearly, with higher churn on the low end but higher landing contract value levels and more momentum in the mid-market and enterprise segment.