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RBC Capital Thinks Sweetgreen’s Stock is Going to Recover

RBC Capital analyst Christopher Carril maintained a Buy rating on Sweetgreen (SGResearch Report) on May 5 and set a price target of $35.00. The company’s shares closed last Friday at $23.81, close to its 52-week low of $21.18.

According to TipRanks.com, Carril is a 4-star analyst with an average return of 9.1% and a 51.1% success rate. Carril covers the Services sector, focusing on stocks such as Restaurant Brands International, Life Time Group Holdings, and Brinker International.

Currently, the analyst consensus on Sweetgreen is a Strong Buy with an average price target of $38.00.

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Sweetgreen Inc is a next generation restaurant and lifestyle brand that serves healthy food at scale. It is creating plant-forward, seasonal, and earth-friendly meals from fresh ingredients and produce that prioritizes organic, regenerative, and local sourcing.

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