Goldman Sachs Maintains Buy on Sprouts Farmers Market, Raises Price Target to $49
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Kate McShane has maintained a Buy rating on Sprouts Farmers Market (NASDAQ:SFM) and increased the price target from $37 to $49.
December 13, 2023 | 2:28 pm
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Goldman Sachs has reaffirmed its Buy rating on Sprouts Farmers Market and raised the price target from $37 to $49, indicating a positive outlook on the stock.
The increase in price target by a reputable investment bank like Goldman Sachs typically signals a strong conviction in the company's future performance and growth potential. This can lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100