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. This adjustment reflects a positive outlook on the company's future performance.

January 24, 2024 | 6:45 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Goldman Sachs has maintained a Buy rating on Sprout Social and raised the price target to $81, indicating a positive sentiment towards the company's stock.
The increase in price target by a reputable analyst like Goldman Sachs typically instills confidence in investors and can lead to a short-term increase in the stock price. The Buy rating reaffirmation coupled with a higher price target suggests that the analyst sees continued growth potential or improved financial performance for Sprout Social, which can be a strong positive signal to the market.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100