Sprouts Farmers Market Shares Exceed Analyst Target Price
Recently, Sprouts Farmers Market Inc. (Symbol: SFM) shares surpassed the average analyst 12-month target price of $176.54, trading at $179.53 per share. Analysts typically react by either downgrading the stock’s valuation or raising their target price. Their response can also hinge on positive business developments that might justify a higher price target.
Thirteen analysts from the Zacks coverage universe contributed to the average target for Sprouts Farmers Market. Opinions vary significantly; one analyst has a lower target of $105.00, while another sets a target as high as $203.00. The standard deviation among targets is $25.947.
The purpose of examining the average SFM price target is to gauge collective analyst sentiment rather than relying on a single expert’s opinion. With SFM now trading above the average target price, investors should evaluate whether this is a stepping stone to a higher price or if the current valuation is stretched, warranting a reconsideration of their positions. Below is a breakdown of current analyst ratings for Sprouts Farmers Market Inc:
| Recent SFM Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 5 | 5 | 5 | 4 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 9 | 9 | 9 | 10 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.29 | 2.29 | 2.29 | 2.43 |
The average rating shown above ranges from 1 (Strong Buy) to 5 (Strong Sell). This article used data from Zacks Investment Research via Quandl.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
