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.
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:
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