New Trade for September 12th, 2023

In the dynamic world of tech stocks, giants like Apple (AAPL) and Microsoft (MSFT) reign supreme with their trillion-dollar market caps. While these established giants offer stability, the real growth potential often lies within the realm of small-cap stocks. 

Seizing an investment opportunity in an under-the-radar stock is like uncovering a hidden gem in the market. If you’re looking to tap into the potential of a lesser-known stock with strong growth prospects, this could be the chance you’ve been waiting for…

Sprout Social (SPT)

Sprout Social is a web-based social media management platform that made its market debut in late 2019. The company tapped into the rising trend of businesses shifting their marketing strategies towards social media platforms. Boasting a customer base of over 30,000 globally, Sprout Social’s revenue continues to climb both sequentially and year-over-year. However, the company faces a challenge with its expanding losses despite revenue growth. 
Notably, the recent acquisition of Tagger media for $140 million aims to bolster its reach within the influencer community. SPT stock has faced a decline of more than 13% in 2023 and over 26% in the past year. Despite these setbacks, investors with a patient, long-term perspective might consider this as a strategic entry point.

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