As of January 19, 2024, the evaluations and price targets for Sprout Social (NASDAQ:SPT) have been largely positive, according to analysts. Here are the key insights:
Analyst Ratings
– Total Ratings: 1 Bullish, 4 Somewhat Bullish, 0 Indifferent, 0 Somewhat Bearish, 0 Bearish.
– Last 30 Days: 1 Bullish, 0 Somewhat Bullish, 0 Indifferent, 0 Somewhat Bearish, 0 Bearish.
– 1 Month Ago: 0 Bullish, 2 Somewhat Bullish, 0 Indifferent, 0 Somewhat Bearish, 0 Bearish.
– 2 Months Ago: No ratings.
– 3 Months Ago: 0 Bullish, 2 Somewhat Bullish, 0 Indifferent, 0 Somewhat Bearish, 0 Bearish.
Price Targets
The average 12-month price target is $68.8, with a high estimate of $75.00 and a low estimate of $58.00. This indicates a 19.13% increase from the previous average price target of $57.75.
Key Analyst Actions
– Scott Berg from Needham maintains a Buy rating with a price target of $75.00.
– Raimo Lenschow from Barclays raises the rating to Overweight with a price target of $75.00.
– Brett Knoblauch from Cantor Fitzgerald raises the rating to Overweight with a price target of $74.00.
– Clarke Jeffries from Piper Sandler raises the rating to Overweight with a price target of $62.00.
– Michael Turits from Keybanc lowers the rating to Overweight with a price target of $58.00.
The consensus rating for Sprout Social is a Moderate Buy, based on 8 buy ratings, 1 hold rating, and no sell ratings. Analysts’ 12-month forecasts predict a potential upside of 30.54% for the stock.
SPT Stock: Potential Buying Opportunity as Price Holds Steady Above 200-Day Moving Average
On January 19, 2024, SPT stock opened at $61.12, $1.05 higher than its previous close. Throughout the day, the price of SPT shares declined by $0.92 or 1.54% since the market last closed. Despite this drop, SPT is currently trading in the middle of its 52-week range, indicating stability. Additionally, SPT is trading above its 200-day moving average, which suggests positive long-term trends. Investors may see this as a potential buying opportunity. It is important to conduct thorough research and analysis before making any investment decisions.
SPT Stock Performance Analysis: Total Revenue Growth and Net Income Decline in January 19, 2024
Title: SPT Stock Performance on January 19, 2024: A Closer Look
Introduction:
On January 19, 2024, SPT (fictional stock) experienced notable fluctuations in its financial performance. This article aims to analyze the stock’s revenue, net income, and earnings per share (EPS) figures, comparing them to the previous year and the previous quarter.
Total Revenue Growth:
SPT’s total revenue for the past year stood at $253.83 million, marking a significant increase of 35.12% compared to the previous year’s figures. Moreover, the total revenue also witnessed a 7.84% increase since the previous quarter.
Net Income Decline:
Unfortunately, SPT’s net income figures for the same periods did not fare as well. Over the past year, the company reported a net income of -$50.24 million, reflecting a significant decrease of 75.04% compared to the previous year. This decline indicates that SPT faced challenges in managing its expenses and generating profits. The situation worsened in the most recent quarter, with net income plummeting by 75.87% to -$23.01 million.
Earnings per Share (EPS) Deterioration:
The earnings per share (EPS) figures for SPT also experienced a downturn. Over the past year, the EPS stood at -$0.92, marking a decline of 72.35% compared to the previous year. Similarly, in the most recent quarter, the EPS declined by 74.81% to -$0.41, indicating a further deterioration in earnings.
Conclusion:
SPT’s stock performance on January 19, 2024, showcased mixed results. While the company achieved a commendable 35.12% growth in total revenue compared to the previous year, its net income and earnings per share figures experienced significant declines. The decrease in net income by 75.04% over the past year and 75.87% in the most recent quarter raises concerns about the company’s profitability and financial stability. Furthermore, the decline in earnings per share by 72.35% over the past year and 74.81% in the most recent quarter indicates a further erosion of profitability per outstanding share.
Investors and stakeholders should closely monitor SPT’s financial performance in the coming months to assess whether these negative trends continue or if the company can implement strategies to reverse the decline in net income and earnings per share. It is essential to consider these figures in conjunction with other relevant factors before making any investment decisions related to SPT stock.
