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Sprout Social (SPT) Stock Forecast & Price Target

Sprout Social logo
$28.79 +0.19 (+0.66%)
(As of 11/12/2024 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

Sell
1
Hold
6
Buy
7

Based on 14 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 14 analysts, 1 has given a sell rating, 6 have given a hold rating, and 7 have given a buy rating for SPT.

Consensus Price Target

$47.08
63.54% Upside
According to the 14 analysts' twelve-month price targets for Sprout Social, the average price target is $47.08. 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 63.54% from the current price of $28.79.

SPT Analyst Ratings Over Time

TypeCurrent Forecast
11/14/23 to 11/13/24
1 Month Ago
10/15/23 to 10/14/24
3 Months Ago
8/16/23 to 8/15/24
1 Year Ago
11/14/22 to 11/14/23
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)
8 Buy rating(s)
Hold
6 Hold rating(s)
6 Hold rating(s)
7 Hold rating(s)
2 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$47.08$48.25$55.54$63.25
Forecasted Upside63.54% Upside69.60% Upside67.94% Upside18.45% Upside
Consensus Rating
Hold
Hold
Moderate Buy
Moderate Buy

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.
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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.
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Sprout Social Stock vs. The Competition

TypeSprout SocialComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.43
2.67
2.50
Consensus RatingHoldModerate BuyHold
Predicted Upside63.54% Upside553.98% Upside7.77% Upside
News Sentiment Rating
Neutral News

See Recent SPT News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/11/2024Piper Sandler
2 of 5 stars
 Lower TargetNeutral ➝ Neutral$40.00 ➝ $29.00+8.57%
11/8/2024Needham & Company LLC
2 of 5 stars
 Reiterated RatingBuy ➝ Buy$55.00 ➝ $55.00+77.42%
10/24/2024Oppenheimer
3 of 5 stars
 Lower TargetOutperform ➝ Outperform$43.00 ➝ $40.00+43.63%
10/11/2024Barclays
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 Lower TargetOverweight ➝ Overweight$48.00 ➝ $38.00+34.09%
8/22/2024KeyCorp
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 DowngradeSector Weight ➝ Underweight$28.00-17.45%
8/2/2024Robert W. Baird
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 Boost TargetNeutral ➝ Neutral$38.00 ➝ $40.00+16.08%
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8/2/2024Cantor Fitzgerald
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 Reiterated RatingOverweight ➝ Overweight$46.00 ➝ $46.00+33.02%
5/3/2024Canaccord Genuity Group
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 Lower TargetBuy ➝ Buy$70.00 ➝ $50.00+73.49%
5/3/2024Morgan Stanley
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 Lower TargetEqual Weight ➝ Equal Weight$65.00 ➝ $49.00+60.66%
5/3/2024William Blair
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A. Bhatia
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Reiterated RatingOutperform ➝ Market Perform
5/3/2024The Goldman Sachs Group
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 DowngradeBuy ➝ Neutral$80.00 ➝ $44.00-8.62%
5/3/2024BTIG Research
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 DowngradeBuy ➝ Neutral
2/7/2024Jefferies Financial Group
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 Initiated CoverageBuy$76.00+27.41%
1/19/2024Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$60.00 ➝ $70.00+18.76%
10/10/2023Stephens
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 Initiated CoverageOverweight$78.00+53.39%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 03:29 AM ET.


SPT Forecast - Frequently Asked Questions

According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Sprout Social is $47.08, with a high forecast of $76.00 and a low forecast of $28.00.

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sprout Social in the last year. There is currently 1 sell rating, 6 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 63.54% based on their 12-month stock forecasts.

Over the previous 90 days, Sprout Social's stock had 1 downgrade by analysts.

Sprout Social has been rated by research analysts at Barclays, KeyCorp, Needham & Company LLC, Oppenheimer, and Piper Sandler 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.


This page (NASDAQ:SPT) was last updated on 11/13/2024 by MarketBeat.com Staff
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