Keybanc Upgrades Sweetgreen to Overweight from Sector Weight
Fintel reports that on September 8, 2026, Keybanc upgraded their outlook for Sweetgreen (NYSE:SG) from Sector Weight to Overweight.
Prior to this rating action, the stock closed at $6.84 on September 4, 2026. This latest close represents a one-week price change of -1.87% from a baseline close of $6.97 on August 28, 2026. Over a one-month period, the stock recorded a price change of +19.79% from a baseline close of $5.71 on August 4, 2026.
The company recently reported its financial results on August 6, 2026. Sweetgreen posted an actual EPS of -0.22, compared to the analyst estimate of -0.1502. The actual revenue for the period was $192,662,000,000,000.00, which fell short of the estimated revenue of $200,743,992,000,000.00.
In terms of analyst price targets, the current consensus target mean was $6.47 as of August 28, 2026, with a median target of $6.53. This mean target represents an implied change of -5.37% from the stock's pre-action close. The current mean target also reflects a consensus target revision of -15.90% from the prior consensus target mean of $7.70 recorded on August 4, 2026.
As of the current recommendation period on September 1, 2026, the aggregate analyst sentiment shows a total of 23 recommendations, consisting of 5 strong buy, 6 buy, 11 hold, and 1 sell ratings. This breakdown translates to 47.8% positive, 47.8% hold, and 4.3% negative recommendations. These percentages and counts are identical to the prior recommendation period on August 1, 2026. Other recent actions in the sector include RBC Capital maintaining its Outperform rating on August 11, 2026, and DA Davidson maintaining its Neutral rating on August 10, 2026.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 8, 2026 | Keybanc | Sector Weight | Overweight | upgrade |
| August 11, 2026 | RBC Capital | Outperform | Outperform | maintained |
| August 10, 2026 | DA Davidson | Neutral | Neutral | maintained |
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This story originally appeared on Fintel.