Sprout Social Inc. (SPT) PT Lowered to $38 at Baird
Get Alerts SPT Hot Sheet
Rating Summary:
7 Buy, 9 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 20
Join SI Premium – FREE
Baird analyst Ron Oliver lowered the price target on Sprout Social Inc. (NASDAQ: SPT) to $38.00 (from $45.00) while maintaining a Neutral rating.
The analyst commented: "Outsized moves in small-cap equities can drive interest among a new class of investors, and that is what we are seeing with SPT. Recently, calls have been dominated by GARP investors looking for opportunity in a growth story. We saw something similar at our early-June conference. This is a healthy part of the process. We expect shares to be range bound into early-August (Q2'24 earnings) given concern around FY'24 estimates, and we remain on the sidelines. We visit SPT HQ in August with an eye towards assessing our view."
You May Also Be Interested In
- BofA sees Micron EPS topping $230 by FY30, calls peak fears overblown
- SpaceX (SPCX) gains nearly 6% as traders follow the money
- argenx SE (ARGX) PT Raised to $1,150 at Wedbush
Create E-mail Alert Related Categories
Analyst Comments, Analyst PT ChangeRelated Entities
Robert W Baird, Earnings, Maynard Um, Mark Zuckerberg, ARKSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share