Canaccord Genuity Lowers Sprout Social Target to $16, Maintains Buy Rating

Canaccord Genuity has lowered its price target for Sprout Social (SPT) from $25 to $16, a 36% decrease, while maintaining a Buy rating. The firm's adjustments reflect evolving market conditions and company performance. Analysts have made similar revisions in recent months, with Goldman Sachs and Oppenheimer also adjusting their price targets. Despite the decrease, Sprout Social's average brokerage recommendation is 2.3, indicating an "Outperform" status. The estimated GF Value for SPT in one year is $49.36, suggesting a 393.6% upside from the current price.