Jefferies Starts Sprout Social Inc. (SPT) at Buy, 'Market Leading Platform with Runway for Sustainable 25% Growth'

Jefferies analyst Surinder Thind initiates coverage on Sprout Social Inc. (NASDAQ: SPT) with a Buy rating and a price target of $76.00.

The analyst commented: "We initiate on social media management software company SPT with a Buy. A market leading platform and strong partnerships, along with favorable secular tailwinds, product expansion, and increased focus on upselling, provide the company with runway for >25% annual growth and $1B in revenues by 2028E. With earnings inflecting positively and operations scaling efficiently, we see margin expansion contributing to even stronger earnings growth."

For an analyst ratings summary and ratings history on Sprout Social Inc. click here. For more ratings news on Sprout Social Inc. click here.

Shares of Sprout Social Inc. closed at $59.65 yesterday.

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