On Nov 01, major Wall Street analysts update their ratings for $Sprouts Farmers Market (SFM.US)$, with price targets ranging from $130 to $159.
Goldman Sachs analyst Kate McShane maintains with a buy rating, and adjusts the target price from $71 to $159.
Wells Fargo analyst Edward Kelly maintains with a hold rating, and maintains the target price at $130.
Evercore analyst Michael Montani maintains with a buy rating, and adjusts the target price from $135 to $145.
BMO Capital analyst Kelly Bania maintains with a hold rating, and adjusts the target price from $102 to $140.
Oppenheimer analyst Rupesh Parikh maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Sprouts Farmers Market (SFM.US)$'s main analysts recently are as follows:
Sprouts Farmers Market exhibited a notably strong third quarter, marked by a significant increase in comparables, bolstered by top-tier e-commerce figures. This performance led to a 39% rise in earnings per share. Furthermore, the company's raised guidance indicates that these robust trends are likely to persist.
Sprouts Farmers Market experienced an 'impressive' quarter, marked by 8.4% comparable growth and close to 40% year-over-year EPS growth. The business undoubtedly has momentum; however, looking ahead to 2025, where expectations are even higher and comparisons become significantly challenging, the risk-reward balance appears to be skewing negatively.
Sprouts Farmers Market has shown strong evidence of transitioning back to an attractive growth narrative. Ongoing robust comparable sales underscore the distinctiveness of its healthy living business model. Moreover, significant market opportunity underpins a compelling growth algorithm in the low double digits. However, current valuation levels are a factor for maintaining a cautious stance.
Here are the latest investment ratings and price targets for $Sprouts Farmers Market (SFM.US)$ from 6 analysts:
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.
