Sprout Social Turnaround Could Take Even Longer Than Expected, Says Bearish Analyst
Sprout Social Turnaround Could Take Even Longer Than Expected, Says Bearish Analyst
Shares of Sprout Social Inc (NASDAQ:SPT) tanked in early trading on Thursday.
Sprout Social股票(NASDAQ:SPT)在週四早盤交易中重挫。
The company's soft performance so far in 2024 suggests that its turnaround will take longer to materialize than was earlier expected, according to KeyBanc Capital Markets.
截至2024年迄今，該公司的業績不佳表明其復甦所需時間比之前預期的更長，這是KeyBanc資本市場指出的。
Analyst Jackson Ader downgraded the rating for Sprout Social from Sector Weight to Underweight, while keeping the price target unchanged at $28.
分析師Jackson Ader將Sprout Social的評級由"板塊權重"調降至"持股不足"，同時將價格目標維持在28美元不變。
The Sprout Social Thesis: The company's bookings this year have been weaker than what "even the sharply slower reported numbers imply," Ader said in the downgrade note.
關於Sprout Social的觀點：Ader在下調聲明中表示，公司今年的訂單弱於"甚至速度急劇放緩的報告數字所暗示的"。
Check out other analyst stock ratings.
查看其他分析師的股票評級。
The current remaining performance obligation (RPO) and bookings are concerning given that the duration of Sprout Social's average contract is less than a year, he added.
考慮到Sprout Social的平均合同期不到一年，目前剩餘的履約性能和訂單令人擔憂，他補充道。
"Current bookings and RPO are inflated when monthly cohorts are converted to annual" and indicate that the company's bookings in the first half may have declined year-on-year on an organic basis, the analyst explained.
分析師解釋說，"當將每月的群體轉換爲年度時，目前的訂單和剩餘履約性能被誇大"，並表明公司上半年的訂單可能在有機基礎上同比下降。
He further stated that the current consensus estimates for 2025 appear "too optimistic."
他進一步表示，目前關於2025年的共識預期似乎"過於樂觀"。
SPT Price Action: Shares of Sprout Social had declined by 4.94% to $32.24 at the time of publication on Thursday.
SPt價格走勢：在週四發佈時，Sprout Social的股價下跌了4.94%，至32.24美元。
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譯文內容由第三人軟體翻譯。
