Baird lowered the firm’s price target on Sprout Social to $38 from $45 and keeps a Neutral rating on the shares. The analyst expects the shares to be range bound into early-August given concern around fiscal 2024 estimates. As such, it remains on the sidelines.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SPT:
- Class Action Lawsuit against Sprout Social, Inc. (NASDAQ:SPT)
- Sprout Social Recognized by Fortune Media as a Best Workplace in Chicago for the Third Consecutive Year
- #SocialStocks: New York passes bills to restrict child access to social media
- Sprout Social Names Erika Trautman as Chief Product Officer
- Sprout Social names Erika Trautman as Chief Product Officer