Decoding 5 Analyst Evaluations For Sprout Social
Portfolio Pulse from Benzinga Insights
Sprout Social (NASDAQ:SPT) has received mixed analyst ratings over the past three months, with 1 bullish and 4 somewhat bullish ratings. The average 12-month price target is $68.8, up from $57.75, with a high estimate of $75.00 and a low of $58.00. Analysts from Needham, Barclays, Cantor Fitzgerald, Piper Sandler, and Keybanc have adjusted their ratings and price targets, reflecting their views on the company's market performance and financial indicators. Sprout Social's financials show a revenue growth rate of 30.97% as of September 30, 2023, but it has a net margin of -26.91% and an ROE of -15.65%, indicating potential profitability and efficiency challenges.
January 19, 2024 | 2:00 pm
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Sprout Social has received mixed analyst ratings with a recent uptick in the average price target to $68.8, indicating a positive outlook. However, concerns about profitability and efficiency may temper investor enthusiasm.
The increase in the average price target suggests a positive short-term impact on SPT's stock price, as analysts' upgrades often lead to increased investor confidence. However, the underlying financial concerns such as low net margin and ROE may limit the upside potential, hence the score is not at the maximum.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100