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.

See the top stocks recommended by analysts >>

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Read More on SG:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More