Cantor Fitzgerald analyst Brett Knoblauch raised the firm’s price target on Sprout Social to $48 from $44 and keeps a Neutral rating on the shares following the investor day event. Cantor continues to believe shares are fairly valued, but is incrementally more positive on shares given some commentary on ARR growth accelerating, success with larger customers, and Taggar cross-sell opportunities, the analyst tells investors in a research note.
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