Sweetgreen price target lowered to $27 from $39 at Piper Sandler

Piper Sandler lowered the firm’s price target on Sweetgreen (SG) to $27 from $39 and keeps a Neutral rating on the shares after the company reported its Q4 results, hosted its call, and provided its initial Q1 2025 and FY2025 guidance. The LA market is improving month-over-month, and the guidance implies that overall results will improve throughout March. From Piper’s perspective, although investor expectations have been tempered in recent weeks, this will probably be perceived as disappointing, on balance.