Sweetgreen Poised For Big EBITDA Boost with Tech Innovation, Robotic Kitchens to Drive Margin Expansion: Analyst
Portfolio Pulse from Anusuya Lahiri
TD Cowen analyst Andrew Charles upgraded Sweetgreen Inc (NYSE:SG) from Hold to Buy, raising the price target from $31 to $43. The upgrade is based on Sweetgreen's technological innovations, particularly the Infinite Kitchen's robotic equipment, which is expected to significantly boost margins and EBITDA by 2030. The analyst also highlighted strong same-store sales and various sales drivers, including new product launches and marketing efforts.
September 04, 2024 | 8:58 pm
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TD Cowen analyst Andrew Charles upgraded Sweetgreen to Buy, raising the price target to $43. The upgrade is driven by Sweetgreen's tech innovations, particularly Infinite Kitchen's robotics, expected to enhance margins and EBITDA significantly by 2030.
The analyst upgrade and increased price target are based on Sweetgreen's strategic innovations, particularly the Infinite Kitchen's robotics, which are expected to drive significant margin expansion and EBITDA growth. This positive outlook is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100