Morgan Stanley Maintains Equal-Weight on Sprout Social, Lowers Price Target to $49
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Elizabeth Porter maintains an Equal-Weight rating on Sprout Social (NASDAQ:SPT) and lowers the price target from $65 to $49.
May 03, 2024 | 5:01 pm
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Morgan Stanley maintains an Equal-Weight rating on Sprout Social but lowers the price target from $65 to $49.
The reduction in price target by Morgan Stanley suggests a bearish outlook on the stock's short-term price potential, likely due to revised earnings expectations or market conditions. This could lead to a negative investor sentiment and a potential decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100