Unveiling 16 Analyst Insights On Sprout Social
Portfolio Pulse from Benzinga Insights
Sprout Social (NASDAQ:SPT) has been analyzed by 16 analysts, revealing a range of ratings from bullish to bearish. The average 12-month price target is $53.81, with a high of $76.00 and a low of $38.00. Recent analyst actions have predominantly lowered their price targets and ratings, reflecting a more cautious outlook. Despite positive revenue growth, Sprout Social faces challenges with profitability and returns.
June 27, 2024 | 12:01 pm
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Sprout Social has received mixed ratings from 16 analysts, with a recent trend of lowered price targets and ratings. The average 12-month price target is now $53.81, down 20.33% from the prior average. Despite a positive revenue growth rate of 28.68%, the company struggles with profitability and returns.
The majority of analysts have lowered their price targets and ratings for Sprout Social, indicating a more cautious outlook. The company's positive revenue growth is overshadowed by challenges in profitability and returns, leading to a likely short-term negative impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100