Bank of America has revised its price target for Sweetgreen (SG, Financial), reducing it from $36 to $31 while maintaining a Buy rating for the company's shares. This adjustment is part of a broader effort by the firm to fine-tune estimates and update valuations for more than 20 companies in its restaurant sector coverage.
The revisions are part of Bank of America's preparation for the upcoming first quarter financial outlook, where they are modifying price targets to align with updated market estimates and multiple metric considerations. This re-evaluation reflects the ongoing market dynamics and the firm's strategic adjustments within the restaurant industry.
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 $30.56 with a high estimate of $39.00 and a low estimate of $24.00. The average target implies an upside of 76.42% from the current price of $17.32. 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 $29.85, suggesting a upside of 72.34% from the current price of $17.32. 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.
