Cantor Fitzgerald Upgrades Sprout Social to Overweight, Raises Price Target to $74
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Brett Knoblauch upgraded Sprout Social (NASDAQ:SPT) from Neutral to Overweight and increased the price target from $48 to $74, indicating a positive outlook on the company's stock.
January 02, 2024 | 11:56 am
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Sprout Social's stock rating was upgraded by Cantor Fitzgerald from Neutral to Overweight, with a significant raise in price target from $48 to $74, suggesting strong confidence in the company's future performance.
The upgrade from Neutral to Overweight by a reputable analyst at Cantor Fitzgerald, along with a substantial increase in the price target, is a strong bullish signal for Sprout Social. This suggests that the analyst has a positive view of the company's prospects, which could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100