The average of price targets set by Wall Street analysts indicates a potential upside of 56.5% in Sprout Social (SPT). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Let's dig into the relative performance of Sprout Social (NASDAQ:SPT) and its peers as we unravel the now-completed Q1 sales and marketing software earnings season.
The founders of Sprout Social are in talks to take the provider of social media tools to businesses private, changing course after listing the company in the stock market five years ago, people familiar with the matter said on Monday. The Chicago, Illinois-based company's board has formed a special committee of independent directors to consider a deal and has hired investment bank Morgan Stanley as its adviser, the sources added.