Goldman Sachs Maintains Buy on Sprout Social, Raises Price Target to $81
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Chris Merwin has reaffirmed a Buy rating on Sprout Social (NASDAQ:SPT) and increased the price target from $65 to $81.
January 23, 2024 | 2:59 pm
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POSITIVE IMPACT
Goldman Sachs maintains a Buy rating on Sprout Social and raises the price target to $81, indicating a positive outlook on the stock.
The increase in price target by a reputable investment bank like Goldman Sachs typically signals a strong conviction in the company's future performance and can lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100