SPT - Sprout Social: Innovative SaaS Platform Addressing Vital Need
- Small-cap software stock Sprout Social is trading at ~25% below all-time highs after the February tech correction.
- The company has issued strong bullish signals after its fourth-quarter earnings report.
- Sprout Social showed revenue growth accelerating six points sequentially to 33% y/y, and is continuing to expect 30% y/y growth in the upcoming year.
- As social media continues to become a dominant advertising channel, platforms like Sprout Social will become vital tools to organize a coherent social media strategy.
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Sprout Social: Innovative SaaS Platform Addressing Vital Need