Piper Sandler Reiterates Overweight on Sprout Social, Maintains $56 Price Target
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Clarke Jeffries has reiterated an Overweight rating on Sprout Social (NASDAQ:SPT) and maintained a $56 price target.
September 28, 2023 | 9:26 am
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Piper Sandler has reiterated an Overweight rating on Sprout Social and maintained a $56 price target, which could positively influence the stock's performance.
Analyst ratings and price targets can significantly influence investor sentiment and stock performance. An Overweight rating suggests that the analyst believes the stock will outperform its industry in the near term. Maintaining a $56 price target indicates the analyst's confidence in the company's potential to reach this price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100