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. 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. 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.
READ NEXT: 11 Most Promising New Technology Stocks According to Analysts and 12 Best Growth Stocks to Buy and Hold for the Long Term.
