SFM - Sprouts Farmers Well Positioned To Gain Market Share In Various Macro Backdrops - Analyst Sees 'Solid Beat' In Q2 | Benzinga
Goldman Sachs analyst Leah Jordan reiterated a Buy rating on Sprouts Farmers Market, Inc. (NASDAQ:SFM), raising the price forecast to $89 from $78 due to higher estimates.
The company said it would issue financial results for the second quarter after the market closes on July 29, 2024.
The analyst anticipates a solid beat for Sprouts Farmers in the second quarter.
Given its differentiated assortment across the natural and organic grocery landscape, Sprouts Farmers is well positioned to continue gaining market share in a variety of macro backdrops. Its customer base should be more resilient, as they are committed to specific diets and skew, the analyst writes.
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