Morgan Stanley Maintains Equal-Weight on Sprout Social, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Elizabeth Porter has maintained an Equal-Weight rating on Sprout Social (NASDAQ:SPT) and reduced the price target from $73 to $65.
April 17, 2024 | 4:48 pm
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NEGATIVE IMPACT
Morgan Stanley maintains an Equal-Weight rating on Sprout Social, with a reduced price target from $73 to $65.
The reduction in price target by a reputable analyst like Morgan Stanley could lead to a negative short-term sentiment among investors, potentially causing a decrease in Sprout Social's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100