UBS lowered the firm’s price target on Sweetgreen (SG) to $19 from $30 and keeps a Buy rating on the shares. UBS anticipates still-challenged Q2 same-store sales trends due to category and broader macro weakness, with a focus on an improved trajectory into 2026, the analyst tells investors in a research note. Sweetgreen maintains sales drivers to support an improvement in trends over the coming quarters and its store development algorithm of 15%-20% should remain intact, the firm says.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SG:
- Sweetgreen price target lowered to $22 from $27 at BofA
- Sweetgreen price target raised to $17 from $16 at Barclays
- Sweetgreen price target lowered to $17 from $22 at Morgan Stanley
- Musk to launch new political party, Trump threatens BRICS tariff: Morning Buzz
- Sweetgreen falls after Bloomberg data shows Q2 sales drop