Decoding 16 Analyst Evaluations For Sprout Social
Portfolio Pulse from Benzinga Insights
In the past three months, 16 analysts have provided ratings for Sprout Social (NASDAQ:SPT), with a mix of bullish and bearish perspectives. The average 12-month price target has decreased by 18.44%, now at $56.62. Recent analyst actions include several downgrades in price targets, reflecting a negative shift in sentiment.
June 07, 2024 | 3:01 pm
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NEGATIVE IMPACT
Sprout Social has seen a negative shift in analyst sentiment, with the average 12-month price target decreasing by 18.44% to $56.62. Several analysts have downgraded their price targets, indicating concerns about the company's future performance.
The decrease in the average price target and multiple downgrades by analysts suggest a lack of confidence in Sprout Social's near-term performance. This is likely to put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100