Oppenheimer analyst Brian Bittner maintains $Sweetgreen (SG.US)$ with a buy rating, and adjusts the target price from $40 to $45.
According to TipRanks data, the analyst has a success rate of 64.7% and a total average return of 10.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Sweetgreen (SG.US)$'s main analysts recently are as follows:
After reflecting on Sweetgreen's significant year-to-date share price appreciation, it's assessed that the current valuation is fair. Sweetgreen's Infinite Kitchen remains a promising factor for long-term productivity and a part of the company's swift expansion strategy. Nevertheless, the immediate growth catalysts anticipated in the near term seem to have been integrated into the stock's present price.
The firm expressed optimism about purchasing Sweetgreen stock following its recent decline, noting that while EBITDA slightly fell short, sales figures met expectations. The firm underscored that both the immediate and extended outlook for the company appear to be on course.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.