Barclays Maintains Overweight on Sprout Social, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow has maintained an Overweight rating on Sprout Social (NASDAQ:SPT) but lowered the price target from $72 to $50.
May 03, 2024 | 2:52 pm
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NEGATIVE IMPACT
Barclays maintains an Overweight rating on Sprout Social but reduces the price target from $72 to $50.
The reduction in price target by Barclays, despite maintaining an Overweight rating, could lead to short-term negative sentiment among investors, potentially impacting the stock price negatively.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100