Sprout Social (SPT) Stock: $99 Price Target And Overweight Rating

By Amit Chowdhry ● Apr 10, 2022
  • The shares of Sprout Social Inc (NASDAQ: SPT) have received a $99 price target from Cantor Fitzgerald. These are the details.

The shares of Sprout Social Inc (NASDAQ: SPT) have received a $99 price target from Cantor Fitzgerald. And Cantor Fitzgerald analyst Brett Knoblauch initiated coverage of Sprout Social with an “Overweight” rating.

Knoblauch adjusted the rating upon noting that Sprout is a provider of social media management software, enabling businesses of all sizes to take full control of their social media presence. And Knoblauch also cited Sprout’s ease of use, breadth of features, and rapid pace of innovation — which provides confidence that the company can sustain high levels of revenue growth over the medium-term, especially given the early stages of social media management software adoption. 

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.