On Nov 07, major Wall Street analysts update their ratings for $Grocery Outlet (GO.US)$, with price targets ranging from $13 to $26.
Morgan Stanley analyst Simeon Gutman maintains with a sell rating, and adjusts the target price from $23 to $13.
BofA Securities analyst Robert Ohmes maintains with a hold rating, and maintains the target price at $17.
UBS analyst Mark Carden maintains with a hold rating, and adjusts the target price from $27 to $16.
Deutsche Bank analyst Krisztina Katai maintains with a buy rating, and adjusts the target price from $29 to $26.
TD Cowen analyst Oliver Chen downgrades to a hold rating, and adjusts the target price from $25 to $16.
Furthermore, according to the comprehensive report, the opinions of $Grocery Outlet (GO.US)$'s main analysts recently are as follows:
The company is centering its efforts on core business fundamentals.
Grocery Outlet's journey has been notably volatile, yet there's a sentiment that the most challenging times may have passed with the return of former CEO Eric Lindberg. The third quarter turned out to be more favorable than anticipated, while the outlook for the fourth quarter appears conservative. Looking ahead to 2025, there's an expectation of a gradual realignment with the company's historical performance trajectory, and the valuation multiples are currently at unprecedented lows.
The interim CEO of Grocery Outlet is anticipated to provide a positive and stabilizing influence while addressing prolonged technological system challenges, rebuilding connections with independent operators, and reinstating value pricing for customers. These are considered critical objectives. Nevertheless, a more cautious stance is adopted until there is greater assurance in the company's ability to fulfill its plan for future achievement.
Here are the latest investment ratings and price targets for $Grocery Outlet (GO.US)$ from 9 analysts:
Note:
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