Keybanc Downgrades Sprout Social to Underweight, Announces $28 Price Target
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Jackson Ader has downgraded Sprout Social (NASDAQ:SPT) from Sector Weight to Underweight, setting a price target of $28.
August 22, 2024 | 9:45 am
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Keybanc has downgraded Sprout Social to Underweight and set a price target of $28, indicating a bearish outlook.
The downgrade from Sector Weight to Underweight by Keybanc suggests a negative outlook on Sprout Social's stock performance. The $28 price target is likely below the current trading price, indicating potential downside. Such analyst actions typically lead to short-term negative impacts on stock prices.
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