**Wells Fargo Upgrades Sweetgreen Outlook**
On September 28, 2026, Wells Fargo upgraded its rating for Sweetgreen (NYSE: SG) from **Equal-Weight** to **Overweight**. This follows recent analyst upgrades, including a move by Keybanc from Sector Weight to Overweight on September 8, 2026. As of September 28, Sweetgreen’s market price closed at $8.25, showing a 10.29% increase over the past week.
The company’s recent earnings report on August 6, 2026, revealed an actual EPS of -0.22 against an estimate of -0.1502, with revenues of $192.7 million compared to expectations of $200.7 million. Current analyst sentiment is mixed, consisting of 5 strong buys, 6 buys, 11 holds, and 1 sell among 23 recommendations, maintaining a similar distribution as recorded in the prior period. The consensus target price stands at $6.88, indicating a potential decline of 16.55% from the current market price.
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