JPMorgan lowered the firm’s price target on Sweetgreen (SG) to $20 from $25 and keeps a Neutral rating on the shares following the Q1 report. The company is balancing structural margin drivers from Infinite Kitchen with the need to establish better absolute price points for broader brand appeal, the analyst tells investors in a research note.
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Read More on SG:
- Sweetgreen’s Earnings Call: Growth Amid Challenges
- Sweetgreen price target lowered to $25 from $27 at TD Cowen
- Sweetgreen price target lowered to $25 from $30 at RBC Capital
- Sweetgreen price target lowered to $22 from $24 at Morgan Stanley
- Sweetgreen price target lowered to $20 from $27 at Piper Sandler
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