Baird Downgrades Sprout Social Inc. (SPT) to Neutral

Goldman Sachs Downgrades Sprout Social Inc. (SPT) to Neutral

Goldman 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

Cantor 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

BTIG 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

William Blair Downgrades Sprout Social Inc. (SPT) to Market Perform

William Blair analyst Bhavan Suri downgraded Sprout Social Inc. (NASDAQ: SPT) from Outperform to Market Perform.

For an analyst ratings summary and ratings history on Sprout Social Inc. click here. For more ratings news on Sprout Social Inc. click here.

Shares of Sprout Social Inc. closed at $48.15 yesterday.

Piper Sandler Downgrades Sprout Social Inc. (SPT) to Neutral

(Updated - May 3, 2024 5:04 AM EDT)

Piper Sandler analyst Clarke Jefferies downgraded Sprout Social Inc. (NASDAQ: SPT) from Overweight to Neutral with a price target of $40.00 (from $66.00).

The analyst comments "After FY23 was dominated by growth adjustments from downmarket... More

Sprout Social Inc. (SPT) PT Lowered to $50 at Barclays

Barclays analyst Raimo Lenschow lowered the price target on Sprout Social Inc. (NASDAQ: SPT) to $50.00 (from $72.00) while maintaining a Overweight rating.... More

KeyBanc Downgrades Sprout Social Inc. (SPT) to Sector Weight

KeyBanc analyst Jackson Ader downgraded Sprout Social Inc. (NASDAQ: SPT) from Overweight to Sector Weight.

For an analyst ratings summary and ratings history on Sprout Social Inc. click here. For more ratings news on Sprout Social Inc. click here.

Shares of Sprout Social Inc. closed at $48.15 yesterday.

Sprout Social (SPT) Tops Q1 EPS by 9c, Offers Mixed Guidance

Sprout Social (NASDAQ: SPT) reported Q1 EPS of $0.10, $0.09 better than the analyst estimate of $0.01. Revenue for the quarter came in at $96.8 million versus the consensus estimate of $97.32 million.

GUIDANCE:

Sprout Social sees Q2 2024 EPS of $0.07-$0.08, versus the consensus of... More