RBC Capital Maintains Outperform on Sweetgreen, Raises Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Christopher Carril maintains an Outperform rating on Sweetgreen (NYSE:SG) and raises the price target from $20 to $35.
May 10, 2024 | 3:16 pm
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RBC Capital has maintained an Outperform rating on Sweetgreen and increased the price target from $20 to $35, indicating a positive outlook on the company's stock.
The increase in price target by a reputable analyst like Christopher Carril from RBC Capital suggests a strong bullish sentiment towards Sweetgreen's stock. This is likely to influence investor perception positively in the short term, potentially leading to an increase in stock price as market participants adjust their valuations based on the new price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100