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Sprout Social Inc has a consensus price target of $57.47 based on the ratings of 19 analysts. The high is $125 issued by Piper Sandler on January 12, 2022. The low is $28 issued by Keybanc on August 22, 2024. The 3 most-recent analyst ratings were released by Keybanc, Baird, and Cantor Fitzgerald on August 22, 2024, August 2, 2024, and August 2, 2024, respectively. With an average price target of $38 between Keybanc, Baird, and Cantor Fitzgerald, there's an implied 31.90% upside for Sprout Social Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Sprout Social (NASDAQ:SPT) was reported by Keybanc on August 22, 2024. The analyst firm set a price target for $28.00 expecting SPT to fall to within 12 months (a possible -2.81% downside). 42 analyst firms have reported ratings in the last year.
The latest analyst rating for Sprout Social (NASDAQ:SPT) was provided by Keybanc, and Sprout Social downgraded their underweight rating.
The last upgrade for Sprout Social Inc happened on January 2, 2024 when Cantor Fitzgerald raised their price target to $74. Cantor Fitzgerald previously had a neutral for Sprout Social Inc.
The last downgrade for Sprout Social Inc happened on August 22, 2024 when Keybanc changed their price target from N/A to $28 for Sprout Social Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Sprout Social, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Sprout Social was filed on August 22, 2024 so you should expect the next rating to be made available sometime around August 22, 2025.
While ratings are subjective and will change, the latest Sprout Social (SPT) rating was a downgraded with a price target of $0.00 to $28.00. The current price Sprout Social (SPT) is trading at is $28.81, which is out of the analyst’s predicted range.
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