BMO Capital raised the firm’s price target on Sprouts Farmers Market (SFM) to $140 from $102 and keeps a Market Perform rating on the shares. The company delivered an exceptionally strong Q3 with a step change in comp supported by industry-leading e-commerce comps, which drove its 39% EPS growth, and its guidance raise is suggesting that strong trends are poised to continue, the analyst tells investors in a research note.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SFM:
- Sprouts Farmers Market price target raised to $127 from $118 at RBC Capital
- Sprouts Farmers Market price target raised to $130 from $90 at Wells Fargo
- Sprouts Farmers Market Reports Robust Q3 2024 Growth
- Closing Bell Movers: Microsoft, Meta both down about 3% despite earnings beats
- Sprouts Farmers Reports Strong Q3 2024 Performance