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Sprout Social (SPT) Stock Forecast & Price Target

$36.94
-1.20 (-3.15%)
(As of 07/24/2024 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

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 "Moderate Buy." Out of the 15 analysts, 7 have given a hold rating, and 8 have given a buy rating for SPT.

Consensus Price Target

$56.43
52.76% Upside
High Forecast$83.00
Average Forecast$56.43
Low Forecast$38.00

According to the 15 analysts' twelve-month price targets for Sprout Social, the average price target is $56.43. The highest price target for SPT is $83.00, while the lowest price target for SPT is $38.00. The average price target represents a forecasted upside of 52.76% from the current price of $36.94.

TypeCurrent Forecast
7/26/23 to 7/25/24
1 Month Ago
6/26/23 to 6/25/24
3 Months Ago
4/27/23 to 4/26/24
1 Year Ago
7/26/22 to 7/26/23
Consensus Rating
Moderate Buy
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)
11 Buy rating(s)
7 Buy rating(s)
Hold
7 Hold rating(s)
7 Hold rating(s)
1 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$56.43$57.07$72.57$64.00
Forecasted Upside52.76% Upside33.79% Upside27.18% Upside19.07% 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.
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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
2.53
2.61
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside52.76% Upside123.81% Upside10.68% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/24/2024Needham & Company LLC
3 of 5 stars
 Reiterated RatingBuy ➝ Buy$55.00 ➝ $55.00+44.21%
7/16/2024Barclays
2 of 5 stars
 Lower TargetOverweight ➝ Overweight$50.00 ➝ $48.00+31.36%
6/27/2024Robert W. Baird
2 of 5 stars
 Lower TargetNeutral ➝ Neutral$45.00 ➝ $38.00+14.94%
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
5/3/2024Cantor Fitzgerald
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 Lower TargetOverweight ➝ Overweight$74.00 ➝ $46.00+49.45%
5/3/2024Oppenheimer
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 Lower TargetOutperform ➝ Outperform$76.00 ➝ $43.00+27.52%
5/3/2024The Goldman Sachs Group
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 DowngradeBuy ➝ Neutral$80.00 ➝ $44.00-8.62%
5/3/2024KeyCorp
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 DowngradeOverweight ➝ Sector Weight
5/3/2024Piper Sandler
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 DowngradeOverweight ➝ Neutral$66.00 ➝ $40.00-16.93%
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 Thursday at 05:20 AM 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 $56.43, with a high forecast of $83.00 and a low forecast of $38.00.

Should I buy or sell Sprout Social stock right now?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sprout Social in the last twelve months. There are currently 7 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SPT shares.

Does Sprout Social's stock price have much upside?

According to analysts, Sprout Social's stock has a predicted upside of 33.53% 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 5 downgrades by analysts.

What analysts cover Sprout Social?
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 score for Sprout Social is 2.53 while the average consensus rating score for "computer and technology" companies is 2.61. Learn more on how SPT compares to other companies.


This page (NASDAQ:SPT) was last updated on 7/25/2024 by MarketBeat.com Staff

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