Morgan Stanley Maintains Equal-Weight on Sprout Social, Raises Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Elizabeth Porter has maintained an Equal-Weight rating on Sprout Social (NASDAQ:SPT) and raised the price target from $52 to $55.
August 07, 2023 | 3:46 pm
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POSITIVE IMPACT
Morgan Stanley has maintained an Equal-Weight rating on Sprout Social and raised the price target from $52 to $55.
The news of Morgan Stanley maintaining an Equal-Weight rating on Sprout Social and raising the price target is directly related to the company and is likely to have a positive impact on the stock price in the short term. The raised price target indicates the analyst's increased confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100