Canaccord lowered the firm’s price target on Sprout Social (SPT) to $16 from $25 and keeps a Buy rating on the shares. The firm updated its model following Q3 results and said there is a lot riding on Q4 and this will be a pivotal quarter that sets the foundation for 2026 growth. Half the business seems to be doing well (enterprise), and half the business doesn’t (SMB & Agency).
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