Sprout Social price target lowered to $23 from $32 at Oppenheimer

Oppenheimer lowered the firm’s price target on Sprout Social (SPT) to $23 from $32 on group multiples compression, while keeping an Outperform rating on the shares. The firm notes Sprout beat consensus estimates for Q2 and revised its 2025 guidance higher, though partially to reflect NewsWhip contributions. Positively, the results show a record operating margin for a Q2, and continuing improving predictability. Negatively, the business is decelerating and Q2 billings only grew mid-single-digits, which leaves a tough optic.