JP Morgan Maintains Overweight on Sweetgreen, Raises Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Rahul Krotthapalli maintains an Overweight rating on Sweetgreen (NYSE:SG) and raises the price target from $13 to $20.
March 06, 2024 | 3:02 pm
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POSITIVE IMPACT
JP Morgan analyst Rahul Krotthapalli maintains an Overweight rating on Sweetgreen and raises the price target from $13 to $20.
The upgrade in price target by a reputable analyst like Rahul Krotthapalli from JP Morgan is a strong positive signal for Sweetgreen. It suggests a bullish outlook on the company's future performance and potential for stock price appreciation. This kind of endorsement typically leads to increased investor confidence and can drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100