Sprout Social Announces Two Major Growth Milestones
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September 23, 2021 9:10 AM EDT
Sprout Social Inc. (Nasdaq: SPT) held its first Analyst Day yesterday to prompt multiple analysts to raise estimates and price targets.
The company announced yesterday it hit two major growth milestones - surpassing $200 million in annual recurring revenue (ARR) and serving over 30,000 customers across the globe. The ARR, in particular, has been doubled from $100 million two years ago.
Our customers are at the core of everything we do; the fact that more than 30,000 of the worlds best brands choose Sprout... More
September 23, 2021 8:27 AM EDT
Piper Sandler analyst Clarke Jefferies raised the price target on Sprout Social Inc. (NASDAQ: SPT) to $155.00 (from $104.00) while maintaining an Overweight rating following the company's bullish analyst day.
The analyst commented, "The bull case scenario seems to be playing out for Sprout... More
