Demystifying First Watch Restaurant Gr: Insights From 6 Analyst Reviews
Portfolio Pulse from Benzinga Insights
Over the past three months, six analysts have provided mixed evaluations of First Watch Restaurant Group (NASDAQ:FWRG), with most being indifferent. The average 12-month price target has decreased by 5.62% to $25.17. Analysts from TD Cowen and Barclays have lowered their price targets, reflecting a negative shift in sentiment.
June 13, 2024 | 6:00 pm
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NEGATIVE IMPACT
Analysts have shown mixed sentiment towards First Watch Restaurant Group, with a notable decrease in the average 12-month price target by 5.62% to $25.17. TD Cowen and Barclays have both lowered their price targets, indicating a negative shift in sentiment.
The decrease in the average price target and the lowering of targets by TD Cowen and Barclays suggest a negative short-term outlook for FWRG. This could lead to a decline in stock price as investor sentiment turns cautious.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100