Sweetgreen price target raised to $20 from $13 at RBC Capital

RBC Capital analyst Christopher Carril raised the firm’s price target on Sweetgreen to $20 from $13 and keeps an Outperform rating on the shares. The company’s better-than-expected Q4 results and Q1 guidance helped drive the stock significantly higher, though the firm continues to see upside for shares as Sweetgreen aims to deliver positive adusted EBITDA in 2024, the analyst tells investors in a research note.