[Matt Flynn]

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Does this mean each additional player has less of an impact on the target SPRs?

Target SPRs rely on you gathering perfect (your hand) and imperfect information (player tendencies and range of hands) But as you add more and more players, the range of hands of players gets increasingly difficult to narrow as each consecutive player is getting better and better odds and pretty soon, any two cards can be played. This means as you increase more players your target SPR is getting more hazy and you should be getting increasingly more conservative, thereby subtracting equal if not greater amounts from the SPR.

What do you think?

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it gets more fuzzy with each extra player. no way around that because as you point out the collective opposing range gets huge.

however you do it, the target SPR should not go to zero even against nine opponents. you're always willing to put some fraction in when you hit.

games where six people see the flop for a big raise are hugely profitable anyway. if you're looking to flop a pair and think you have the best hand preflop, you probably want to make a bigger raise to narrow the field (assuming the stacks aren't really deep).