Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Sprout Social reported second quarter fiscal 2026 revenue of $123.8 million, up 10.8% year-over-year.</li><li>Subscription revenue increased 9.7% to $121.9 million.</li><li>Non-GAAP operating margin reached 12.9%, improving 370 basis points year-over-year as operating leverage strengthened.</li></ul>

Sprout Social reported second quarter fiscal 2026 revenue of $123.8 million, up 10.8% year-over-year.Subscription revenue increased 9.7% to $121.9 million.Non-GAAP operating margin reached 12.9%, improving 370 basis points year-over-year as operating leverage strengthened.

Sprout Social’s 20% Enterprise Growth — Could Larger Customers Change The Economics?

Podcast by Andrew Walker, a PM at Rangeley Capital, Yet Another Value Podcast

Yet Another Value Podcast

Podcast by Andrew Walker, a PM at Rangeley Capital

Yet Another Value Podcast is a new podcast from Andrew Walker, the founder of yetanothervalueblog.substack.com/. We interview top investors and dive deep into stocks and companies they are currently working on and investing in. While nothing on this channel is investing advice and everyone should do their own diligence, our goal is to frequently feature edgy and actionable value and/or event driven ideas. Please see our legal and disclaimer at: https://yetanothervalueblog.substack.com/p/legal-and-disclaimer

<ul><li>Boards of directors are overpaid and the SaaS apocalypse is overblown</li><li>Sprout Social is an operating platform for social media needs, experiencing a significant valuation drop and offering potential alpha adjusted risk-reward opportunities</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Boards of directors are overpaid and the SaaS apocalypse is overblownSprout Social is an operating platform for social media needs, experiencing a significant valuation drop and offering potential alpha adjusted risk-reward opportunitiesThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Can Sprout Social Survive the SaaSpocalypse with Pernas Research's Deiya Pernas $SPT

<ul><li>Sprout Social delivered a quarter that reflects a business balancing steady top-line expansion with ongoing structural adjustments across its customer base and go-to-market approach.</li><li>Revenue growth remained in the low-teens range, supported by continued traction in enterprise and higher-value customer cohorts, while profitability improved meaningfully, with operating margins expanding and free cash flow showing strong year-over-year growth.</li><li>The company’s increasing mix of multiyear contracts and higher annual contract value deals contributed to improved visibility, as reflected in remaining performance obligations growth and a larger portion of revenue tied to longer-term commitments.</li></ul>

Sprout Social delivered a quarter that reflects a business balancing steady top-line expansion with ongoing structural adjustments across its customer base and go-to-market approach.Revenue growth remained in the low-teens range, supported by continued traction in enterprise and higher-value customer cohorts, while profitability improved meaningfully, with operating margins expanding and free cash flow showing strong year-over-year growth.The company’s increasing mix of multiyear contracts and higher annual contract value deals contributed to improved visibility, as reflected in remaining performance obligations growth and a larger portion of revenue tied to longer-term commitments.

Sprout Social And The $30K+ Customer Shift—A Margin Goldmine Or A Growth Trade-Off?

<ul><li>Sprout Social pared early-session losses on renewed takeover speculation, with market chatter pointing toward potential interest from Adobe.</li><li>The stock initially dropped on November 17 before reversing course, with traders citing an "uncooked" Betaville alert that hinted at fresh strategic interest in the social media software firm.</li><li>This isn’t the first time Sprout has been linked to M&A rumors—Adobe was floated as a potential suitor earlier this year, and this latest flare-up has refocused investor attention on the company’s long-term trajectory.</li></ul>

Sprout Social pared early-session losses on renewed takeover speculation, with market chatter pointing toward potential interest from Adobe.The stock initially dropped on November 17 before reversing course, with traders citing an "uncooked" Betaville alert that hinted at fresh strategic interest in the social media software firm.This isn’t the first time Sprout has been linked to M&A rumors—Adobe was floated as a potential suitor earlier this year, and this latest flare-up has refocused investor attention on the company’s long-term trajectory.

Sprout Social Just Flashed a Buy Signal — Are The Adobe M&A Talks the Real Catalyst?

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

Our base case continues to be for near-term consolidation while the market determines the implications of states’ reopening (i.e., the “wait-and-see” phase). Until this consolidation period resolves below support or above resistance we are maintaining a relatively neutral stance considering the wide range of outcomes. Many major indexes are testing logical resistance and until we see breakouts it is hard to get too bullish. In this report we highlight attractive stocks from a RS perspective.

Our base case continues to be for near-term consolidation while the market determines the implications of states’ reopening (i.e., the “wait-and-see” phase). Until this consolidation period resolves below support or above resistance we are maintaining a relatively neutral stance considering the wide range of outcomes. Many major indexes are testing logical resistance and until we see breakouts it is hard to get too bullish. In this report we highlight attractive stocks from a RS perspective.

U.S. Equity Strategy: Round Trip Back To Resistance

United States

Sprout Social, Inc. provides online social media management tools for businesses. The Company offers communication tools, contact management, and lead generation, as well as reporting and analytics services. Sprout Social serves customers worldwide.

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Sprout Social Inc (SPT US)

U.S. Equity Strategy: Round Trip Back To Resistance

Our base case continues to be for near-term consolidation while the market determines the implications of states’ reopening (i.e., the...

Vermilion Research

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Sprout Social’s 20% Enterprise Growth — Could Larger Customers Change The Economics?

Sprout Social reported second quarter fiscal 2026 revenue of $123.8 million, up 10.8% year-over-year. Subscription revenue increased 9.7% to...

Baptista Research

Can Sprout Social Survive the SaaSpocalypse with Pernas Research's Deiya Pernas $SPT

Boards of directors are overpaid, research links and Twitter thread mentioned, sponsored by AlphaSense, guest Daiya Pernas discussing Sprout...

Yet Another Value Podcast

Sprout Social And The $30K+ Customer Shift—A Margin Goldmine Or A Growth Trade-Off?

Sprout Social delivered a quarter that reflects a business balancing steady top-line expansion with ongoing structural adjustments across its...

Baptista Research

Sprout Social Just Flashed a Buy Signal — Are The Adobe M&A Talks the Real Catalyst?

Sprout Social pared early-session losses on renewed takeover speculation, with market chatter pointing toward potential interest from Adobe. The...

Baptista Research

U.S. Equity Strategy: Round Trip Back To Resistance

Our base case continues to be for near-term consolidation while the market determines the implications of states’ reopening (i.e., the...

Vermilion Research