Form 8-K Sprout Social, Inc. For: May 02
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Goldman Sachs Downgrades Sprout Social Inc. (SPT) to Neutral
May 3, 2024 8:28 AM EDTGoldman Sachs analyst Adam Hotchkiss downgraded Sprout Social Inc. (NASDAQ: SPT) from Buy to Neutral with a price target of $44.00 (from $80.00).
The analyst comments "We downgrade shares of SPT to Neutral from Buy and lower our 12-month PT to $44 from $80, as we underestimated the near-term disruption risk to organic growth from the company's re-orientation upmarket, something we anticipated would be a more immediate driver of... More
Sprout Social Inc. (SPT) PT Lowered to $46 at Cantor Fitzgerald
May 3, 2024 6:56 AM EDTCantor Fitzgerald analyst Brett Knoblauch lowered the price target on Sprout Social Inc. (NASDAQ: SPT) to $46.00 (from $74.00) while maintaining a Overweight rating.
The analyst comments "This afternoon (5/2), SPT reported 1Q24 results. Maybe we should have applied more weight to the fact that SPT announced a CEO transition after the first quarter ended and did not... More
BTIG Downgrades Sprout Social Inc. (SPT) to Neutral
May 3, 2024 6:24 AM EDTBTIG analyst Matt VanViet downgraded Sprout Social Inc. (NASDAQ: SPT) from Buy to Neutral.
The analyst comments "On Thursday, May 2nd, AMC, SPT reported disappointing 1Q24 results and provided significantly lower guidance as the company makes major changes to its GTM... More
