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Sprout Social (SPT) Gets a Buy Rating from Robert W. Baird

Robert W. Baird analyst Robert Oliver maintained a Buy rating on Sprout Social (SPTResearch Report) on April 5 and set a price target of $110.00. The company’s shares closed last Wednesday at $76.91.

According to TipRanks.com, Oliver is a 5-star analyst with an average return of 18.8% and a 67.2% success rate. Oliver covers the Technology sector, focusing on stocks such as Tyler Technologies, Aspen Technology, and PROS Holdings.

Currently, the analyst consensus on Sprout Social is a Strong Buy with an average price target of $90.91, representing a 18.6% upside. In a report issued on April 5, Cantor Fitzgerald also initiated coverage with a Buy rating on the stock with a $99.00 price target.

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The company has a one-year high of $145.42 and a one-year low of $48.79. Currently, Sprout Social has an average volume of 702.4K.

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Sprout Social, Inc. provides online social media management tools for businesses. It offers communication tools, contact management, lead generation, and analytics services. The company offers solutions for enterprises, agencies, small businesses, customer service, social media marketing, and employee advocacy sectors. Sprout Social was founded by Justyn Howard, Aaron Rankin and Gilbert Lara in 2010 and is headquartered in Chicago, IL.

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