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Oppenheimer maintained an outperform rating on the stock with a price target of $34. ... to increase 15.4% to nearly $181 million and a loss per share of $0.10, compared to a loss per share of $0. ...
The new price target reflects a 30% increase from its stock price at the time the note was published ($13.40). SG was trading at $14.81 per share midday Thursday.
Shares of Sweetgreen plunged more than 20% in extended trading Tuesday after the salad chain lowered its 2022 forecast.
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Sweetgreen reported Q2 results after the bell yesterday. Wall Street was not pleased. Its stock has plunged some 13% since the announcement.
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