Sprout Social revised Q3 EPS and revenue, and FY 2024 EPS guidance, with stock price decline and adjusted price targets.

Sprout Social, a social media management platform company, revised its Q3 EPS guidance to $0.12-$0.13 and revenue forecast of $101.9-102.1 million, exceeding consensus estimates. The company updated FY 2024 EPS guidance to 0.450-0.460. Stock price declined, and some analysts reduced price targets. Despite this, Sprout Social has a Moderate Buy consensus rating and an average target price of $56.43.