DA Davidson raised the firm's price target on Sweetgreen to $7 from $5.50 and keeps a Neutral rating on the shares. The company's Q1 sales and adjusted EBITDA were below consensus, but FY26 guidance was reiterated given sequential traffic improvements throughout the quarter and so far in Q2, the analyst tells investors in a research note. The firm adds that while it remains encouraged by Sweetgreen's early signs of a turnaround, it is also cautious given little visibility on what same-store sales growth might look like once progressively easing comparisons have been lapped.
