The Analyst Verdict: Sprout Social In The Eyes Of 13 Experts
Portfolio Pulse from Benzinga Insights
Sprout Social (NASDAQ:SPT) received mixed ratings from 13 analysts, with an updated average 12-month price target of $74.77, marking an 18.95% increase from the previous target. The company shows strong revenue growth but struggles with profitability and asset utilization. Analysts' actions, including rating changes and price target adjustments, reflect their evolving view on the company's performance and market conditions.
March 21, 2024 | 1:00 pm
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Sprout Social's mixed analyst ratings and increased price target suggest a cautiously optimistic outlook, balanced by strong revenue growth and challenges in profitability.
The increase in the average price target to $74.77, coupled with strong revenue growth, suggests a positive short-term outlook for SPT. However, concerns about profitability and asset utilization may temper gains. Analysts' mixed ratings indicate a varied perspective on the company's future performance, which could lead to increased volatility in the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100