Keybanc Maintains Overweight on Sprout Social, Lowers Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Michael Turits has maintained an Overweight rating on Sprout Social (NASDAQ:SPT) but lowered the price target from $62 to $58.
October 23, 2023 | 9:11 am
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Sprout Social's price target has been lowered from $62 to $58 by Keybanc, though the Overweight rating is maintained.
The news is directly about Sprout Social and its price target being lowered by Keybanc. This could potentially impact investor sentiment and the stock's price, but the maintained Overweight rating suggests that the analyst still sees the stock as a good investment. Therefore, the short-term impact on the stock's price is neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100