Sprout Social: Beware Slowing Growth (Rating Downgrade) [Seeking Alpha]
Sprout Social, Inc - Class A (SPT)
Last sprout social, inc - class a earnings: 2/26 04:10 pm
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Source: Seeking Alpha
Meanwhile, companies are cutting down on sales and marketing budgets, impacting Sprout Social's user base (social media managers). The stock's valuation is high at ~8x forward revenue, and the company is facing an adverse macro climate, making it a sell recommendation. Despite a cautiously optimistic market that is energized by the AI boom, investors should maintain tremendous caution around richly valued growth stocks. I've moved more of my portfolio toward cash and value-oriented plays since the start of the year and locked in gains on many of my growth positions. Sprout Social ( NASDAQ: SPT ) is one stock that bears close watching. This social media management platform has rallied more than 50% since the start of November and is up nearly 10% already this year. The company's recent Q4 earnings print and FY24 guidance didn't dent the company's momentum, either. I last wrote an article on Sprout Social with a hold rating in November, when the stock was still trading in the m
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High impacting Sprout Social, Inc - Class A news events
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SPT
News
- Sprout Social, Inc. (NASDAQ: SPT) had its price target lowered by analysts at Canaccord Genuity Group Inc. from $70.00 to $50.00. They now have a "buy" rating on the stock.MarketBeat
- Investigation Into Sprout Social, Inc. (SPT) Announced by Holzer & Holzer, LLCGlobeNewswire
- Sprout Social, Inc. (NASDAQ: SPT) had its price target lowered by analysts at Morgan Stanley from $65.00 to $49.00. They now have an "equal weight" rating on the stock.MarketBeat
- Why Sprout Social (SPT) Shares Are Trading Lower Today [Yahoo! Finance]Yahoo! Finance
- Sprout Social, Inc. (NASDAQ: SPT) had its "market perform" rating re-affirmed by analysts at William Blair.MarketBeat
SPT
Earnings
- 5/2/24 - Beat
SPT
Sec Filings
- 5/3/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 4/15/24 - Form 8-K
- SPT's page on the SEC website