Barclays Maintains Overweight on Sprout Social, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow maintains an Overweight rating on Sprout Social but lowers the price target from $48 to $38.

October 11, 2024 | 3:35 pm
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Barclays analyst Raimo Lenschow maintains an Overweight rating on Sprout Social but lowers the price target from $48 to $38.
The lowering of the price target from $48 to $38 by Barclays suggests a less optimistic outlook on Sprout Social's future performance, which could lead to a short-term negative impact on the stock price. However, the Overweight rating indicates that the analyst still sees potential for growth, mitigating the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100