Sweetgreen ( (SG) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Sweetgreen’s stock has been under pressure as analysts express concerns over its financial performance. The company’s recent earnings report showed a quarterly revenue of $160.9 million but also a GAAP net loss of $29.03 million, highlighting financial challenges despite some growth. As a result, firms like RBC Capital, Oppenheimer, UBS, and Citi have lowered their price targets, reflecting apprehension about Sweetgreen’s future growth prospects. However, opinions vary, with Piper Sandler and Goldman Sachs maintaining a hold rating, and Bank of America Securities remaining optimistic with a buy rating.
More about Sweetgreen
YTD Price Performance: -21.53%
Average Trading Volume: 3,478,851
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.91B
For further insights into SG stock on TipRanks’ Stock Analysis page.
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