Sprout Social (SPT) Stock Forecast & Price Target

$28.67

+0.74 (+2.65%)

(As of 09/17/2024 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

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, 6 have given a hold rating, and 8 have given a buy rating for SPT.

Consensus Price Target

$51.31
78.96% Upside

High Forecast	$78.00
Average Forecast	$51.31
Low Forecast	$28.00

According to the 15 analysts' twelve-month price targets for Sprout Social, the average price target is $51.31. The highest price target for SPT is $78.00, while the lowest price target for SPT is $28.00. The average price target represents a forecasted upside of 78.96% from the current price of $28.67.

Type	Current Forecast 9/18/23 to 9/17/24	1 Month Ago 8/19/23 to 8/18/24	3 Months Ago 6/20/23 to 6/19/24	1 Year Ago 9/18/22 to 9/18/23
Consensus Rating	Hold	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	8 Buy rating(s)	8 Buy rating(s)	7 Buy rating(s)
Hold	6 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)	2 Hold rating(s)
Sell	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$51.31	$55.54	$57.07	$61.82
Forecasted Upside	78.96% Upside	30.92% Upside	33.79% Upside	20.21% Upside

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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	2.47	2.64	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	78.96% Upside	162.99% Upside	7.66% Upside
News Sentiment Rating	Neutral 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
8/22/2024	KeyCorp 3 of 5 stars		Downgrade	Sector Weight ➝ Underweight	$28.00	-17.45%
8/2/2024	Robert W. Baird 2 of 5 stars		Boost Target	Neutral ➝ Neutral	$38.00 ➝ $40.00	+16.08%
8/2/2024	Cantor Fitzgerald 3 of 5 stars		Reiterated Rating	Overweight ➝ Overweight	$46.00 ➝ $46.00	+33.02%
8/2/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$55.00 ➝ $55.00	+47.61%
7/16/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$50.00 ➝ $48.00	+31.36%
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%
Bill Gates’ Next Big Thing: “Exegesis AI” (Ad) In February 2016… when almost nobody was talking about artificial intelligence…. I picked Nvidia as one of my favorite stocks. Shares have jumped by more than 20,000% since then. I believe we are about to do it again with this new AI project called Stargate
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	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$76.00 ➝ $43.00	+27.52%
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	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral	$66.00 ➝ $40.00	-16.93%
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 10:38 PM ET.

SPT Forecast - Frequently Asked Questions

What is Sprout Social's forecast for 2024?: According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Sprout Social is $51.31, with a high forecast of $78.00 and a low forecast of $28.00.
Should I buy or sell Sprout Social stock right now?: 15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sprout Social in the last twelve months. There is currently 1 sell rating, 6 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street 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.
Does Sprout Social's stock price have much upside?: According to analysts, Sprout Social's stock has a predicted upside of 24.55% based on their 12-month stock forecasts.
Has Sprout Social been downgraded by Wall Street analysts recently?: Over the previous 90 days, Sprout Social's stock had 1 downgrade by analysts.
What analysts cover Sprout Social?: Sprout Social has been rated by research analysts at Barclays, Cantor Fitzgerald, KeyCorp, Needham & Company LLC, and Robert W. Baird in the past 90 days.
Do Wall Street analysts like Sprout Social more than its competitors?: 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.