What Will Sweetgreen’s Stock Look Like in Five Years?

Sweetgreen, Inc. (NYSE: SG), the fast-casual salad chain, has seen volatile stock performance since its IPO in November 2021. After peaking at $53 shortly after its launch, the stock fell to a low of $6.31 in March 2023 but rebounded to approximately $37. Key to this recovery was a 21% revenue increase in Q2 2024, reaching $185 million, bolstered by a 9% rise in same-store sales and four new locations. Analysts predict a 17% compound annual growth rate in revenue from 2023 to 2026, while the company aims for $680 million in 2024. Despite profitability challenges, Sweetgreen’s emphasis on digital sales and menu innovation positions it well for future growth, making it a potential consideration for high-growth investors.

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