Oppenheimer lowered the firm’s price target on Sprout Social (SPT) to $32 from $38 and keeps an Outperform rating on the shares. The firm notes the company Sprout had a decent first quarter. Positively, the results show record margins and cash generation, and improving predictability. Negatively, the business growth continues to decelerate noticeably as the Q1 billings metrics display only mid-single-digit growth. Further, management took a prudent approach to guidance by not fully flowing through the upside in Q1.
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Read More on SPT:
- Positive Outlook for Sprout Social: Strong Financial Performance and Strategic Growth Initiatives Drive Buy Rating
- Sprout Social Reports Strong Q1 2025 Growth
- Sprout Social Reports Q1 2025 Financial Results
- Sprout Social price target lowered to $26 from $34 at Barclays
- Sprout Social price target lowered to $22 from $30 at Morgan Stanley
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