Evercore analyst Michael Montani maintains $Sprouts Farmers Market (SFM.US)$ with a buy rating, and adjusts the target price from $120 to $135.
According to TipRanks data, the analyst has a success rate of 60.0% and a total average return of 0.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Sprouts Farmers Market (SFM.US)$'s main analysts recently are as follows:
The firm anticipates ongoing strength in same-store sales, a consistent higher gross margin rate, and the possibility for additional upward estimate revisions, which is reflected in its forward-looking valuation towards FY26 in anticipation of the company's third-quarter financial report.
Anticipating the upcoming Q3 report, there is an expectation for a performance that exceeds forecasts, which could position the stock favorably for continued growth into 2025.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
