What Analysts Are Saying About Sweetgreen Stock
Portfolio Pulse from Benzinga Insights
Over the past three months, 12 analysts have shared their insights on Sweetgreen (NYSE:SG), with opinions ranging from bullish to bearish. The average 12-month price target has increased to $30.83 from $25.00. Analysts have recently adjusted their ratings and price targets, reflecting a mix of 'Equal-Weight', 'Overweight', 'Hold', 'Buy', 'Outperform', and 'Neutral' stances. Sweetgreen has shown a positive revenue growth rate of 26.22% but faces challenges with net margin, ROE, and ROA below industry averages.
July 16, 2024 | 12:01 pm
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Analysts have mixed views on Sweetgreen (NYSE:SG) with an average price target of $30.83, up from $25.00. Despite a 26.22% revenue growth, challenges remain in profitability and asset efficiency.
The increase in the average price target to $30.83 from $25.00 indicates a positive sentiment among analysts. However, the mixed ratings and the company's challenges in profitability and asset efficiency suggest a cautious optimism. The positive revenue growth rate of 26.22% is a strong indicator of potential short-term gains, but the low net margin, ROE, and ROA could limit the upside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100