Sprout Social (SPT) Stock Forecast & Price Target

$38.92

+0.72 (+1.88%)

(As of 07/26/2024 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

Moderate Buy
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 "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
44.99% 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 44.99% from the current price of $38.92.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
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	$56.57	$72.57	$64.00
Forecasted Upside	44.99% Upside	36.32% Upside	27.18% Upside	19.07% 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.

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	2.53	2.61	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	44.99% Upside	554.04% Upside	9.09% Upside
News Sentiment Rating	Positive 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
7/24/2024	Needham & Company LLC 3 of 5 stars		Reiterated Rating	Buy ➝ Buy	$55.00 ➝ $55.00	+44.21%
7/16/2024	Barclays 2 of 5 stars		Lower Target	Overweight ➝ Overweight	$50.00 ➝ $48.00	+31.36%
6/27/2024	Robert W. Baird 2 of 5 stars		Lower Target	Neutral ➝ Neutral	$45.00 ➝ $38.00	+14.94%
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
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5/3/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$74.00 ➝ $46.00	+49.45%
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	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Sector Weight
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 Saturday at 06:35 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?: Sprout Social has been rated by research analysts at Barclays, BTIG Research, Canaccord Genuity Group, Cantor Fitzgerald, KeyCorp, Morgan Stanley, Needham & Company LLC, Oppenheimer, Piper Sandler, Robert W. Baird, The Goldman Sachs Group, and William Blair 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 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.