Sweetgreen ( (SG) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Sweetgreen’s stock has experienced a downturn due to concerns raised by several firms, including RBC Capital, Oppenheimer, UBS, and Citi, following the company’s recent earnings report. The report revealed a quarterly revenue of $160.9 million alongside a GAAP net loss of $29.03 million, prompting these firms to lower their price targets. Despite this, some analysts, such as those from J.P. Morgan and Bank of America Securities, maintain a Buy rating, indicating optimism for Sweetgreen’s future growth prospects. The consensus remains a Moderate Buy, highlighting a mixed outlook on the company’s short-term financial health.
More about Sweetgreen
YTD Price Performance: -29.07%
Average Trading Volume: 3,161,847
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.67B
For further insights into SG stock on TipRanks’ Stock Analysis page.
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