Sprout Social price target lowered to $38 from $42 at Cantor Fitzgerald

Cantor Fitzgerald lowered the firm’s price target on Sprout Social (SPT) to $38 from $42 and keeps an Overweight rating on the shares. Sprout reported “solid” Q4 results, with a large billings and adjusted operating beat, but management guided 2.3% below consensus for Q1 revenue and 2.9% below consensus for fiscal 2025 revenue, as management targets revenue growth of 11% for the full year, the analyst tells investors in a research note. The biggest thing Sprout has going for it right now is valuation, Cantor contends.