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On May 28, Needham’s analyst Scott Berg maintained a Buy rating on Sprout Social, Inc. (NASDAQ:SPT) while keeping the price target unchanged at $32.
The analyst noted Caesars Entertainment Inc (NASDAQ:CZR), whose uses Sprout’s platform highlighted its effectiveness thereby building a value proposition for the company. In addition, Sprout Social, Inc. (NASDAQ:SPT) also introduced a series of new features and upcoming enhancements designed to transform how brands provide customer care on social media.
A marketing manager in a boardroom making decisions about the company's social media management platform.
Earlier in May, the company delivered its Q1 2025 results highlighting 13% year-over-year revenue growth and improved total remaining performance obligations (RPO) of $360.2 million. Analyst Scott Berg believes the company’s strategic edge lies in the simplicity, ease of implication, and solid management abilities of its platform.
Sprout Social, Inc. (NASDAQ:SPT) is a cloud-based social media management platform that allows businesses to manage, measure, and optimize their online presence across multiple social media networks and commerce platforms.
While we acknowledge the potential of SPT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SPT and that has 100x upside potential, check out our report about the cheapest AI stock.
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Disclosure: None.