Oppenheimer Maintains Outperform on Sprout Social, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Brian Schwartz maintains an Outperform rating on Sprout Social (NASDAQ:SPT) but lowers the price target from $43 to $40.
October 24, 2024 | 2:30 pm
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Oppenheimer's analyst Brian Schwartz continues to rate Sprout Social as Outperform, indicating confidence in the company's performance, but has adjusted the price target downwards from $43 to $40.
The Outperform rating suggests continued positive sentiment towards Sprout Social, but the lowered price target indicates a slight reduction in expected upside. This mixed signal may result in a neutral short-term impact on the stock price.
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