10 Best Small Cap Tech Stocks to Buy Right Now

3. Sprout Social, Inc. (NASDAQ:SPT)

Market Capitalization: $928.692 million

Analyst Upside Potential: 48.83%

Number of Hedge Fund Holders: 29

Sprout Social, Inc. (NASDAQ:SPT) is one of the Best Small Cap Tech Stocks To Buy Right Now. On August 26, William Blair analyst Arjun Bhatia maintained a Hold rating on Sprout Social, Inc. (NASDAQ:SPT) without disclosing any price target.

The analyst highlighted that he has noted some mixed signals about the company’s future. He noted that recently, the management canceled plans to sell more stock, showing that the company believes its stock is undervalued. Moreover, the company may also buy back shares, which Bhatia believes shows management’s confidence in the long-term prospects.

However, the growth has remained steady and is not speeding up. The company’s organic growth is in the low double digits, and the analyst noted that the investors want to see a stronger growth boost soon. He believes that key areas to watch are growth in higher-end markets and new opportunities in data exports and influencer marketing.

Sprout Social, Inc. (NASDAQ:SPT) offers a web-based platform that helps companies manage and measure their social media presence.