
Sweetgreen (SG) Stock Forecast & Price Target
Sweetgreen (SG) Analyst Ratings
Bulls say
Sweetgreen Inc. demonstrated strong performance in 2Q24, reporting a 9% increase in same-store sales, with a notable improvement in comparisons towards the latter part of the quarter, highlighting growing consumer demand. The company is poised for substantial growth, with a long-term guidance of 15%-20% net restaurant growth, indicating plans for 50-67 new openings by 2027, significantly outpacing the 25 openings in 2024. Additionally, historical trends suggest robust sales growth, with a 20% increase from Year 1 to Year 2 and 10% growth from Year 2 to Year 3, reinforcing a positive trajectory for future performance.
Bears say
The analysis presents a critical outlook on Sweetgreen's stock due to anticipated negative performance in same-store sales, with indications that the company's guidance for 2025 may need to be revised downward for the second consecutive time. Data from BloombergSecond Measure and Placer.ai indicates weaker-than-expected sales results for the second quarter, which may contribute to further declines in the third and fourth quarters, with estimates showing potential negative growth. Overall, the expectation of flat same-store sales for 2025 appears increasingly unattainable, raising concerns about the company's financial health moving forward.
This aggregate rating is based on analysts' research of Sweetgreen and is not a guaranteed prediction by Public.com or investment advice.
Sweetgreen (SG) Analyst Forecast & Price Prediction
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