Robert W. Baird analyst Robert Oliver reiterated a Buy rating on Sprout Social (SPT) on February 23 and set a price target of $85.00. The company’s shares closed last Thursday at $72.40, close to its 52-week high of $82.47.
According to TipRanks.com, Oliver is a top 100 analyst with an average return of 39.4% and a 83.5% success rate. Oliver covers the Technology sector, focusing on stocks such as Aspen Technology, SolarWinds, and PagerDuty.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Sprout Social with a $83.00 average price target, a 14.4% upside from current levels. In a report issued on February 12, Stifel Nicolaus also maintained a Buy rating on the stock with a $85.00 price target.
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Sprout Social’s market cap is currently $4.05B and has a P/E ratio of -29.40. The company has a Price to Book ratio of 27.01.
Based on the recent corporate insider activity of 102 insiders, corporate insider sentiment is neutral on the stock.
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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.
