Morgan Stanley has revised its price target for Sweetgreen (SG, Financial), reducing it from $26 to $24. Despite this adjustment, the investment firm maintains an Equal Weight rating on the company's shares. This change comes as the firm prepares for the upcoming Q1 earnings season, which it views as secondary to broader industry trends.
Analyst Brian Harbour highlighted a reduced outlook for U.S. industry demand, now forecasting a 4.1% year-over-year growth, down from the 4.8% predicted earlier this year in January. This new forecast takes into account a temporary pause in tariff changes, providing a context for the revised expectations within the restaurants and food distributors sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for Sweetgreen Inc (SG, Financial) is $32.00 with a high estimate of $39.00 and a low estimate of $26.00. The average target implies an upside of 49.11% from the current price of $21.46. More detailed estimate data can be found on the Sweetgreen Inc (SG) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, Sweetgreen Inc's (SG, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Sweetgreen Inc (SG, Financial) in one year is $29.91, suggesting a upside of 39.38% from the current price of $21.46. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Sweetgreen Inc (SG) Summary page.
