Assessing Sprout Social: Insights From 14 Financial Analysts
Portfolio Pulse from Benzinga Insights
Analysts' ratings for Sprout Social (NASDAQ:SPT) over the last quarter show a mix of bullish and bearish sentiments. The average 12-month price target has decreased by 26.05% to $48.07. Recent ratings include several downgrades and lowered price targets from firms like Barclays, Baird, and Goldman Sachs. Despite positive revenue growth, Sprout Social faces challenges with profitability, ROE, and ROA.
July 24, 2024 | 3:01 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Sprout Social (NASDAQ:SPT) has received mixed analyst ratings over the last quarter, with a notable decrease in the average 12-month price target by 26.05% to $48.07. Several analysts have downgraded their ratings and lowered price targets, reflecting concerns about the company's profitability and efficiency despite positive revenue growth.
The significant decrease in the average price target and multiple downgrades from analysts indicate a bearish outlook for Sprout Social in the short term. Despite positive revenue growth, concerns about profitability and efficiency metrics like ROE and ROA are likely to weigh on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100