Sprout Social (SPT) Stock Forecast & Price Target

$32.60 -0.29 (-0.88%)

(As of 11/26/2024 ET)

Sprout Social - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 15 Analyst Ratings

Sell
1

Hold
7

Buy
7

Based on 15 Wall Street analysts who have issued ratings for Sprout Social in the last 12 months, the stock has a consensus rating of "Hold." Out of the 15 analysts, 1 has given a sell rating, 7 have given a hold rating, and 7 have given a buy rating for SPT.

Consensus Price Target

$45.62
39.92% Upside

According to the 15 analysts' twelve-month price targets for Sprout Social, the average price target is $45.62. The highest price target for SPT is $76.00, while the lowest price target for SPT is $28.00. The average price target represents a forecasted upside of 39.92% from the current price of $32.60.

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SPT Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	8 Buy rating(s)	7 Buy rating(s)
Hold	7 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)	2 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$45.62	$48.00	$51.31	$63.25
Forecasted Upside	39.92% Upside	79.04% Upside	64.61% Upside	16.50% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

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SPT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SPT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Sprout Social Stock vs. The Competition

Type	Sprout Social	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.40	2.68	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	39.41% Upside	526.20% Upside	7.11% Upside
News Sentiment Rating	Positive News See Recent SPT News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/18/2024	Scotiabank 5 of 5 stars	A. Verkhovski Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Sector Perform	$28.00	-2.13%
11/11/2024	Piper Sandler 2 of 5 stars		Lower Target	Neutral ➝ Neutral	$40.00 ➝ $29.00	+8.57%
11/8/2024	Needham & Company LLC 3 of 5 stars		Reiterated Rating	Buy ➝ Buy	$55.00 ➝ $55.00	+77.42%
10/24/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$43.00 ➝ $40.00	+43.63%
10/11/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$48.00 ➝ $38.00	+34.09%
8/22/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Sector Weight ➝ Underweight	$28.00	-17.45%
Video: Blindfolded Man Gets Into a Cybertruck… What Happens Next Will Shock You (Ad) “Hi, I’m Jeff Brown… Even though I can’t see a thing… I’m about to get in this Cybertruck and drive up to a location just a few miles from here to show you Elon Musk’s next AI product. I promise what happens next will shock you…” Click here to see what happened
8/2/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$38.00 ➝ $40.00	+16.08%
8/2/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$46.00 ➝ $46.00	+33.02%
5/3/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$70.00 ➝ $50.00	+73.49%
5/3/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$65.00 ➝ $49.00	+60.66%
5/3/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Bhatia Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Market Perform
5/3/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$80.00 ➝ $44.00	-8.62%
5/3/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral
2/7/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$76.00	+27.41%
1/19/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$60.00 ➝ $70.00	+18.76%
10/10/2023	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight	$78.00	+53.39%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 05:24 PM ET.

SPT Forecast - Frequently Asked Questions

: According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Sprout Social is $45.62, with a high forecast of $76.00 and a low forecast of $28.00.
: 15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sprout Social in the last year. There is currently 1 sell rating, 7 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SPT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SPT, but not buy additional shares or sell existing shares.
: According to analysts, Sprout Social's stock has a predicted upside of 39.92% based on their 12-month stock forecasts.
: Sprout Social has been rated by research analysts at Barclays, Needham & Company LLC, Oppenheimer, Piper Sandler, and Scotiabank in the past 90 days.
: Analysts like Sprout Social less than other "computer and technology" companies. The consensus rating for Sprout Social is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how SPT compares to other companies.

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Video: Blindfolded Man Gets Into a Cybertruck… What Happens Next Will Shock You (Ad)

“Hi, I’m Jeff Brown… Even though I can’t see a thing… I’m about to get in this Cybertruck and drive up to a location just a few miles from here to show you Elon Musk’s next AI product. I promise what happens next will shock you…”

Click here to see what happened

This page (NASDAQ:SPT) was last updated on 11/26/2024 by MarketBeat.com Staff

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Sprout Social (SPT) Stock Forecast & Price Target