First Watch Restaurant Group, Inc. (FWRG)
NASDAQ: FWRG · Real-Time Price · USD
12.35
+0.17 (1.40%)
Mar 23, 2026, 4:00 PM EDT - Market closed
FWRG Stock Forecast
Stock Price Forecast
The 11 analysts that cover FWRG stock have a consensus rating of "Strong Buy" and an average price target of $20.64, which forecasts a 67.13% increase in the stock price over the next year. The lowest target is $17 and the highest is $24.
Price Target: $20.64 (+67.13%)
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for FWRG stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Oct '25 | Nov '25 | Dec '25 | Jan '26 | Feb '26 | Mar '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 5 | 7 | 8 |
| Buy | 5 | 5 | 5 | 4 | 4 | 4 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10 | 10 | 10 | 9 | 11 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| DA Davidson | DA Davidson | Strong Buy Initiates n/a | Strong Buy | Initiates | n/a | n/a | Mar 6, 2026 |
| Citigroup | Citigroup | Strong Buy Maintains $26 → $21 | Strong Buy | Maintains | $26 → $21 | +70.04% | Feb 25, 2026 |
| Barclays | Barclays | Buy Maintains $19 → $17 | Buy | Maintains | $19 → $17 | +37.65% | Feb 25, 2026 |
| Guggenheim | Guggenheim | Strong Buy Maintains $23 → $21 | Strong Buy | Maintains | $23 → $21 | +70.04% | Feb 25, 2026 |
| Stephens & Co. | Stephens & Co. | Buy Maintains $24 → $21 | Buy | Maintains | $24 → $21 | +70.04% | Feb 25, 2026 |
Financial Forecast
Revenue This Year
1.41B
from 1.22B
Increased by 15.58%
Revenue Next Year
1.59B
from 1.41B
Increased by 12.81%
EPS This Year
0.19
from 0.31
Decreased by -37.92%
EPS Next Year
0.32
from 0.19
Increased by 64.95%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 1.5B | 1.7B | |||
| Avg | 1.4B | 1.6B | |||
| Low | 1.3B | 1.5B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 20.7% | 18.2% | |||
| Avg | 15.6% | 12.8% | |||
| Low | 10.3% | 6.3% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 0.33 | 0.54 | |||
| Avg | 0.19 | 0.32 | |||
| Low | 0.10 | 0.13 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 5.0% | 178.3% | |||
| Avg | -37.9% | 65.0% | |||
| Low | -68.4% | -33.8% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.