Sprout Social price target raised to $42 from $34 at Jefferies

Jefferies raised the firm’s price target on Sprout Social (SPT) to $42 from $34 and keeps a Buy rating on the shares as part of a Q4 earnings preview. The firm lowered fiscal 2025 revenue estimates on currency headwinds, but still remain above consensus. Given Sprout’s challenges of the past year, its 2025 guidance will likely start out conservative, the analyst tells investors in a research note. Jefferies is modeling relatively stable revenue growth of mid-teens in the year ahead.