Sprout Social, Inc Class A Common Stock | SPT

Daily Technical Analysis of Sprout Social, Inc Class A Common Stock

Sprout Social is up a bit on the day, funds flowing in kept the price up 2.45% since yesterday. It looks like SPT may be interacting with a slightly angled support line. This area could represent a pivot point that it moves up from. The company has been chopping around the last few months without a clear directional momentum. So it might bounce off here, but hard to say.

If we get a reversal off of support and Sprout Social starts moving up, it can probably get to $33.85 at which point it'll need to break through that resistance level in order to keep moving higher. There aren't very obvious support levels beneath this point. So put those stop losses on, this thing has room to fall if buyers don't come in at this level.

Analyst Ratings for Sprout Social By Price Target And Rating

Overall, the analysts have a more negative view on Sprout Social but it's not a very strong negative. The current Analysts Sentiment Score is -12.30. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2024-05-03 there was a downgrade announced by BTIG Research from Buy to Neutral. Piper Sandler downgraded from Overweight to Neutral on 2024-05-03 and decided to decrease their price target by -39.39% down to $40.00. Robert W. Baird released a downgrade on 2024-05-03 from Outperform to Neutral and they lowered their price target by -37.5% to $45.00 from a previous target of $72.00. Cantor Fitzgerald dropped their price target by -37.84% to $46.00 on 2024-05-03. Needham & Company LLC dropped their price target by -26.67% to $55.00 on 2024-05-03. William Blair reiterated a rating of Outperform on 2024-05-03. KeyCorp downgraded from Overweight to Sector Weight on 2024-05-03. Oppenheimer announced a lowering of their price target to $43.00 from $76.00 on 2024-05-03. The Goldman Sachs Group downgraded from Buy to Neutral on 2024-05-03 and they lowered their price target by -45% to $44.00 from a previous target of $80.00. On 2024-05-03 Barclays lowered their price target by -30.56% to $50.00.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Sprout Social

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Sprout Social

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.