Cantor Fitzgerald Reiterates Overweight on Sprout Social, Maintains $74 Price Target
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Brett Knoblauch reiterated an Overweight rating on Sprout Social (NASDAQ:SPT) and maintained a $74 price target. This reaffirms the firm's positive outlook on the company's stock.
February 21, 2024 | 2:36 pm
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Cantor Fitzgerald analyst Brett Knoblauch reiterated an Overweight rating on Sprout Social with a $74 price target, indicating a positive outlook.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices in the short term. The reiteration of an Overweight rating and a substantial price target of $74 by Cantor Fitzgerald suggests a strong vote of confidence in Sprout Social's future performance. This is likely to positively impact investor sentiment and could lead to an uptick in SPT's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100