On Oct 31, major Wall Street analysts update their ratings for $Grocery Outlet (GO.US)$, with price targets ranging from $16 to $27.
BofA Securities analyst Robert Ohmes downgrades to a hold rating, and adjusts the target price from $29 to $17.
Wells Fargo analyst Anthony Bonadio maintains with a buy rating, and adjusts the target price from $28 to $26.
TD Cowen analyst Oliver Chen maintains with a buy rating, and maintains the target price at $25.
Loop Capital analyst Anthony Chukumba maintains with a hold rating, and adjusts the target price from $17 to $16.
Telsey Advisory analyst Joe Feldman maintains with a buy rating, and maintains the target price at $27.
Furthermore, according to the comprehensive report, the opinions of $Grocery Outlet (GO.US)$'s main analysts recently are as follows:
The firm observes that there is a risk in Q3 related to softer top-line figures, though this may be partially mitigated by a probable margin improvement. Despite these risks, the expectation appears to be manageable, and the firm's outlook is positive due to advancements in margins, clearer expectations for Q4 growth, and a strategic emphasis on goals for 2025, which are all seen as favorable factors for the stock.
Here are the latest investment ratings and price targets for $Grocery Outlet (GO.US)$ from 6 analysts:
Note:
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