Wells Fargo Upgrades Sweetgreen to Overweight on Profitability Outlook

Key Facts

1Wells Fargo upgraded Sweetgreen to Overweight from Equal Weight with an $11 price target.

2Analysts forecast the restaurant chain will achieve profitability this year following six quarters of operational challenges.

Wells Fargo upgraded Sweetgreen (SG) to Overweight from Equal Weight with a price target of $11. Investing.com reported that analysts forecast the restaurant chain will achieve profitability this year, ending a period of operational challenges that spanned six quarters.

Sweetgreen (SG) closed at $8.24 on September 25, 2026, while Wells Fargo (WFC) closed at $82.97 on the same date. The upgrade reflects expectations of a fundamental recovery and improved operational execution, despite recent reports of weak same-store sales and negative earnings before interest, taxes, depreciation, and amortization.