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Evercore Maintains Sprouts Farmers Market(SFM.US) With Buy Rating, Raises Target Price to $145

Futu News ·  Oct 31 21:40  · Ratings

Evercore analyst Michael Montani maintains $Sprouts Farmers Market (SFM.US)$ with a buy rating, and adjusts the target price from $135 to $145.

According to TipRanks data, the analyst has a success rate of 56.9% and a total average return of -0.2% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $Sprouts Farmers Market (SFM.US)$'s main analysts recently are as follows:

  • Sprouts Farmers Market has exhibited an exceptionally strong third quarter, marked by a significant increase in comparable sales, bolstered substantially by top-tier e-commerce performance. This has underpinned a 39% growth in EPS, and the company's revised guidance indicates that these robust trends are expected to persist.

  • Sprouts Farmers Market reported a notable quarter featuring 8.4% comparable growth and almost 40% year-over-year EPS growth. Despite the clear momentum within the business, the anticipations have risen and with challenging comparisons projected in 2025, the risk-reward balance seems to be skewing negatively.

  • Sprouts Farmers Market has demonstrated compelling signs of transitioning back into an attractive growth narrative. The company's sustained strong comparable sales suggest a distinct appeal of its healthy living business model, coupled with considerable market opportunity that underpins a robust growth algorithm. Nonetheless, current valuations are a factor in maintaining a neutral stance.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

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.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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