Canaccord Genuity analyst David Hynes maintained a Buy rating on Sprout Social (NASDAQ:SPT) on Tuesday, setting a price target of $77, which is approximately 24.72% above the present share price of $61.74.
Hynes expects Sprout Social to post earnings per share (EPS) of -$0.11 for the first quarter of 2021.
The current consensus among 9 TipRanks analysts is for a Strong Buy rating of shares in Sprout Social, with an average price target of $83.
The analysts price targets range from a high of $94 to a low of $77.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $37.35 million and a net profit of -$5.8 million. The company's market cap is $3.3 billion.
According to TipRanks.com, Canaccord Genuity analyst David Hynes is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 33.4% and a 76.19% success rate.
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.