Sweetgreen, Inc. (SG)
NYSE: SG · IEX Real-Time Price · USD
27.97
-1.36 (-4.64%)
At close: Jul 2, 2024, 4:00 PM
27.99
+0.02 (0.07%)
After-hours: Jul 2, 2024, 7:43 PM EDT
Sweetgreen Stock Forecast
Stock Price Forecast
The 11 analysts with 12-month price forecasts for Sweetgreen stock have an average target of 28.64, with a low estimate of 13 and a high estimate of 45. The average target predicts an increase of 2.40% from the current stock price of 27.97.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Sweetgreen stock from 11 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 2 |
| Buy | 4 | 4 | 5 | 5 | 5 | 6 |
| Hold | 2 | 2 | 2 | 2 | 2 | 2 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 8 | 9 | 9 | 9 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Buy Maintains $32 → $37 | Buy | Maintains | $32 → $37 | +32.28% | Jun 14, 2024 |
| TD Cowen | TD Cowen | Hold Maintains $26 → $31 | Hold | Maintains | $26 → $31 | +10.83% | Jun 13, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Initiates $39 | Strong Buy | Initiates | $39 | +39.44% | Jun 13, 2024 |
| RBC Capital | RBC Capital | Buy Maintains $35 → $45 | Buy | Maintains | $35 → $45 | +60.89% | Jun 7, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $30 → $32 | Buy | Maintains | $30 → $32 | +14.41% | Jun 3, 2024 |
Financial Forecast
Revenue This Year
694.51M
from 584.04M
Increased by 18.91%
Revenue Next Year
807.33M
from 694.51M
Increased by 16.24%
EPS This Year
-0.75
from -1.01
EPS Next Year
-0.49
from -0.75
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 719.7M | 849.8M | 1.0B | 1.2B | 1.4B |
| Avg | 694.5M | 807.3M | 960.0M | 1.1B | 1.4B |
| Low | 652.7M | 747.7M | 869.3M | 1.1B | 1.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 23.2% | 22.4% | 26.7% | 20.8% | 22.0% |
| Avg | 18.9% | 16.2% | 18.9% | 18.4% | 19.7% |
| Low | 11.8% | 7.7% | 7.7% | 12.7% | 13.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -0.59 | -0.17 | -0.12 | -0.36 | -0.27 |
| Avg | -0.75 | -0.49 | -0.44 | -0.35 | -0.27 |
| Low | -0.81 | -0.82 | -0.76 | -0.33 | -0.25 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | - | - | - | - |
| Avg | - | - | - | - | - |
| Low | - | - | - | - | - |
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.